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Investments for USD 775 million projected through PPP mechanism
By Eproint
The Government of El Salvador announced an estimated investment projection of USD 775 million through Public-Private Partnerships (PPP or APP) for 2021.Channeled through El Salvador's Investment Promotion Agency (PROESA), the PPPs have become an ambitious option in the strategic agenda of the Salvadoran Government, since they are a tool that provide infrastructure projects for the country.
Public-Private Partnerships are long term agreements between the government and a private partner whereby the private partner delivers and funds public services using a capital asset, sharing the associated risks. PPPs may deliver public services both with regards to infrastructure assets (such as bridges, roads) and social assets (such as hospitals, utilities, prisons).
The interest in PPPs has been growing in recent years in Central America and the need is expected to further increase their usage.
The first public-private partnership of El Salvador was the international licitation for the administration of the Cargo Terminal of the San Óscar Arnulfo Romero y Galdámez International Airport, which seeks to optimize the contribution of airport assets to investment, employment and growth of the Salvadoran economy, making the Cargo Terminal the main center of logistics operations in Central America, and the airport the main center of aeronautical operations in Latin America.
Another project is the lighting and video surveillance of 143 kilometers of highway in strategic points of the country that benefit several municipalities and connect the country's main city -San Salvador- with the airport and the port of La Libertad.
PROESA, by law, has the power to evaluate, select, structure, promote and adjudicate projects under the modality of public-private partnerships.
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In El Salvador, Practice Head Edy Guadalupe Portal is a partner at Eproint and has more than 25 years of experience in Intellectual Property. Since 1995, she has been recognized as the Salvadoran voice of Intellectual Property protection for always informing the IP community about changes to IP law and international treaties.
During her career, Mrs. Portal has helped numerous international law firms and in-house counsel with all facets of their IP matters in El Salvador and Central America. Her extensive practice includes work in trademarks, patents, industrial designs, utility models, copyrights, unfair competition, foreign investment, regulatory law/health registrations, licensing, franchising, appellations of origin, geographical indications, IP litigation, fashion law, new technologies, data privacy, cybersecurity, domain names, entertainment law, advertisement law, trade secrets, valuation of intangibles, and IP due diligence. She is also recognized for the great anti-piracy and anti-counterfeiting results she has delivered for her clients. She also helps coordinate Latin America Intellectual Property Protection for the firm.