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FOMILENIO
Of the $460.9 million donated by the Millennium Challenge Corporation (MCC), $361 million have now been earmarked.
Laprensagrafica.com reports comments from José Ángel Quirós, Fomilenio's executive director, saying that, "of the remaining $100 million, contracts are still needed for $50 to $60 million. The rest of the funds will be used for administrative purposes".
Source: laprensagrafica.com
More on this topic
April 2010
Yesterday Fomilenio received the first bids for the project, which has assigned $11 million.
These proposals will be analyzed for the first phase of the project in which 10 contracts will be awarded for small-scale works. During 2010, Fomilenio will award 60 more.
José Ángel Quirós, head of Fomilenio, commented that its entity will finance 100% of the construction of each sub project, and each community will contribute 20% of its maintenance, either with payments in kind (materials or workforce) or in cash.
May 2010
$19.4 million will be redirected to support education, electrification and connectivity projects in El Salvador.
$12.56 million will be allocated to connectivity projects, while $6.68 million will be spent in human development.
Fomilenio’s reallocation proposal has already been approved by the Millennium Challenge Corporation (MCC).
February 2011
The Government requested the funds in order to finance government programs in seven different areas.
The programs are: Support for export production, Urban Community Solidarity Development, City Woman, North and East Rural Connectivity, Passenger Transport in the Metropolitan Area of San Salvador (AMSS), power sector reform, strengthening of Justice and Security.
August 2011
A loan from the Central American Bank for Economic Integration is intended to improve rural roads in the north.
The improvement works on rural roads will allow access to the Longitudinal del Norte Highway from the municipalities of the Department of Chalatenango.
"The FMLN deputy Inmar Reyes said the money will be used for connections in the north of the country where there are municipalities where the Longitudinal del Norte bypasses them making it necessary to improve road infrastructure so that they can have access to this new communication path.
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