Goal 2: Reduce firms costs due to infrastructure to improve their competitiveness. On Track
-7- In the second half of 2012, the Legislative Assembly approved measures to support the financing of the modernization of the International Airport of El Salvador (AIES). The Central American Bank for Economic Integration (BCIE) approved $92 million in AIES modernization financing. The Salvadoran Port Authority (CEPA) is in the final stages of analyzing, with the assistance of US. Treasury technical advisors, the most appropriate financing options to cover the full requirements of the AIES modernization project which is set to begin during the first quarter of 2013. The USG continues to work with CEPA to build a team of experts to form a project management office to administer the AIES master plan expansion project, which the GOES is incorporating into a possible Millennium Challenge Corporation (MCC) second compact. The consulting contract for the AIES master plan is expected to be awarded and initiated by the end of 2012. CEPA has signed a $216,000 agreement with the US. Trade and Development Agency (USTDA) to develop a bathymetric study, which consists of measuring the depth of navigation canals and maneuvering marinas at the La Union Port. In collaboration with the USG, a solar energy (photovoltaic) feasibility study for the GOES energy company CEL is underway and expected to be completed in the first half of 2013. The two indicators for this goal are investment (public and private) in infrastructure as percent of GDP, which will be reported for the next period and the Global Competitiveness infrastructure index which ranked El Salvador 72 out of 144 in the 2012-2013 report.