The Turkish port group Yilport Holding will set up a Joint venture with the Salvadoran public port company Comisión Ejecutiva Portuaria Autónoma (CEPA) for the management of the ports of Acajutla and La Unión, in El Salvador, for a duration of 50 years. The initiative has been announced last night by Salvadoran President Nayib Bukele as part of the Third phase of the government's economic development programme focused on logistics. Bukele highlighted that the investment of the Turkish company to modernize the two ports, amounting to over $1.61 billion, will be the most Huge private investment in the history of the nation Central American.

The intervention will be carried out in phases from start to finish this year. The first phase involves the modernisation of the port infrastructure of Acajutla and the purchase of new equipment. A second phase involves the construction of new infrastructure tripling the capacity of the port. In La Unión, disused port since its completion in 2008 construction, a first phase is planned in which dredging carried out and new equipment will be purchased Port.

Last year, Yilport announced the signing of a memorandum of understanding with the government of El Salvador in the field renewable energy agreement, specifying that the agreement included the management of the two Salvadoran ports, an activity that would have been defined in the context of a concession contract for the duration of 100 years to be formalized in the first quarter of 2024.