Your Gate to Latin American IP

CABEI will carry out the studies for the development of the Pacific Train Project in El Salvador

By Eproint - 12/02/2021

The Central American Bank for Economic Integration (CABEI) announced that it will be executing a non-reimbursable Technical Cooperation for USD 450,000, which was recently approved by the Republic of Korea within the framework of the Korea-CABEI Partnership Single Donor Trust Fund. Its purpose is to support the Government of El Salvador in determining the viability of the development of the country's rail network for cargo and passengers, including the Pacific Train Project.

Through the Technical Cooperation that will be executed by CABEI, the analysis of the demand for rail cargo and passenger service within the country will be carried out, the recommendations of technologies and alternatives for a proposed railroad network and systems to connect identified segments within the country will be provided, and the respective economic-financial, legal and regulatory analyzes will be conducted that will allow the structuring of a Public-Private Partnership. Also, the socio-environmental management and evaluation plans will be prepared and the institutional capacity of the entities in charge of the country's railway system will be strengthened which will also consider the transfer of knowledge from the railway sector of South Korean origin.

The acting Executive President of CABEI, Mr. Jaime Diaz mentioned that, “the participation of the bank is one more step towards to the consolidation of relations between CABEI, the countries of the Central American region and the Republic of Korea, which will undoubtedly continue to bring many benefits to the countries of our region”.

Likewise, Mr. Diaz stated that the Technical Cooperation will contribute to promote the economic and commercial transformation of El Salvador, to improve trade flows and ground transport safety, to reduce road congestion as well as to reduce greenhouse gas emissions to mitigate the impact of climate change in El Salvador.

The execution of the Technical Cooperation is expected to begin during the 1st quarter of 2021.

By Eproint - 12/02/2021
Subscribe to the Newsletter

Eproint

Whether your company is big or small, at Eproint you are our priority and we can take care of everything regarding legal processes to create and protect your brands, and provide you with an Intellectual Property strategy to achieve your goals.

In El Salvador, Practice Head Edy Guadalupe Portal is a partner at Eproint and has more than 25 years of experience in Intellectual Property. Since 1995, she has been recognized as the Salvadoran voice of Intellectual Property protection for always informing the IP community about changes to IP law and international treaties.

During her career, Mrs. Portal has helped numerous international law firms and in-house counsel with all facets of their IP matters in El Salvador and Central America. Her extensive practice includes work in trademarks, patents, industrial designs, utility models, copyrights, unfair competition, foreign investment, regulatory law/health registrations, licensing, franchising, appellations of origin, geographical indications, IP litigation, fashion law, new technologies, data privacy, cybersecurity, domain names, entertainment law, advertisement law, trade secrets, valuation of intangibles, and IP due diligence. She is also recognized for the great anti-piracy and anti-counterfeiting results she has delivered for her clients. She also helps coordinate Latin America Intellectual Property Protection for the firm.