2024-07-19 01:04:35
The Development Bank of Latin America (CAF) approved two loans for 465 million dollars for El Salvador on Thursday to build an airport and lay an underwater internet cable, the entity and President Nayib Bukele reported.
According to a statement from CAF, “two operations have been approved that will boost El Salvador’s air and digital connectivity.”
The airport will be built in the eastern part of the country with a loan of 320 million dollars under a program called “El Salvador Vuela,” the bank said.
“The new ‘Pacific Airport’ and an independent submarine internet cable,” Bukele highlighted on social media
The new airport will be built near the place where the government plans to build the “Bitcoin City”, the first cryptocurrency city, on the slopes of the Conchagua volcano, near the Gulf of Fonseca.
Part of the loan will also be used to “modernize” another airport and build an airfield, the institution said.
A second loan of 145 million dollars will be used for the “deployment of the first high-capacity submarine cable” that will connect El Salvador “with important Internet traffic hubs,” he added.
Bukele has stated on several occasions that he seeks to make El Salvador a technological benchmark in Central America.
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© Agence France-Presse
