Tuesday, 21 September 2021 16:51

Pacific Train feasibility study to be completed by september 2022

Written by Evelyn Alas

The study for the feasibility and execution of the Pacific Train project started today and will be ready by february 2022.

The study for the development of the Pacific Train will have 5 components divided into different stages:

  • Market Study, from september 2021 to february 2022.
  • Technological Evaluation of the Network and Railway Systems, from november 2021 to august 2022.
  • Legal and Regulatory Analysis, recommendations for the framework of a Public Private Partnership, from december 2021 to february 2022.
  • Economic and Financial Analysis, february to august 2022.
  • Capacity building and knowledge transfer, february to august 2022.

The implementation of the Project will be carried out with the consortium SOOSUNG Engineering, Korea National Railway, DONG Engineering consultants & architecture, PYUNGHWA Engineering consultants.

"Today with great enthusiasm we announce the start of the study for the Development of the Pacific Train in El Salvador and we officially received the document with the Methodology, Work Plan and schedule of activities to be executed by the Korean consortium", Federico Anliker.

The objective of the Pacific Train project is to boost the salvadoran economy through the import and export of products through the railroad in a more efficient and faster way.

Today is a historic day for the country with the launching of the Pacific Train plan, which aims to cover 710 kilometers through 225 railroad branches that will allow the detonation of the economic activity.

The Central American Bank for Economic Integration (CABEI) will be supporting the entire process of the Pacific Train project. The commissioner of Strategic Projects, Cristian Flores, added that the plan will have strategic alliances with local and international firms and with the cargo transportation market.

"No country became developed without betting on infrastructure, these projects generate competitive advantage compared to other countries in the region. The country's historical debts must be paid off and one of these is the Pacific Train", said minister Alejandro Zelaya.

Present at the ceremony were the Presidential Commissioner for Strategic Projects, Cristian Flores, the President of the Comisión Ejecutiva Portuaria Autónoma (CEPA), Federico Anliker, the minister of Finance (MINEC), Alejandro Zelaya, the Director of the Central American Bank for Economic Integration (CABEI), Luis Rodríguez, and the Executive President of CABEI, Dante Mossi.