Goal 2: Reduce firms costs due to infrastructure to improve their competitiveness. On Track The International Airport is scheduled to complete its $20 million runway overlay project in May. The remaining $50 million of airport rehabilitation projects are on time and budget. The US. Trade and Development Agency (USTDA)-funded Airport Master Plan was completed, which CEPA presented at an international air service conference in El Salvador in February. Delta Airlines announced new service to Los Angeles, and Southwest Airlines indicated interest in entering the market. Efforts continue to concession La Union Port there are four pre-qualified bidders. The CEPA Board approved the tender and PPP documents for May issuance with contract award in late 2014. The GOES offered to fund dredging costs ($15-25 million annually) for the year concession. CEPA continues to pay the associated JICA debt and will enter into a currency hedge (to minimize exchange rate exposure from the Yen-denominated debt. USTDA is providing a grant fora channel navigation aids study. CEPA is evaluating $8 million in self-funded improvements to the Acajutla port. In May, MCC financed IKONS Chile) to perform a Value for Money study on the international airport expansion plan. Maryland Governor Martin O’Malley established an agreement with CEPA to support the airport modernization and expansion projects. The National Energy Council finished anew legal framework for renewable energy investments. A solicitation of 15 MW of small-scale renewable energy projects was recently awarded to 42 companies. Another solicitation for 100 MW of solar and wind energy projects is underway. The municipality of Santa Tecla accepted a pilot project proposal to install energy efficient street lighting. Investment in infrastructure as a percentage of GDP decreased slightly from the prior
11 reporting period, from 6.12 percent to 6.07 percent. The Global Competitive Infrastructure Index remained unchanged with El Salvador ranked at 72.