Spanish company Eurofinsa, a subsidiary of IBT, has been advising on the development of the main border trade route between El Salvador and Honduras, known as El Amatillo, including its design and construction. The project has a $13.5m budget, with funds coming from FOMILENIO II.
The project to modernize the El Amatillo border crossing includes physical and technological infrastructure to reduce the waiting time at the border. Among the proposed goals are to increase the flow of goods, streamline the passage of cargo and reduce the waiting time from eight hours to 30 minutes, improve infrastructure in poor condition and make efficient procedures for entering and exiting the border checkpoint.
Eurofinsa is a leading company in public works, construction and turnkey projects, or EPC (Engineering Procurement and Construction) and concessions. With more than 40 years of experience, the Madrid-based company also has subsidiaries in Miami, Paris and London, as well as more than 30 local offices worldwide.
García Bodán acted as legal counsel to Eurofinsa, with a team led by partner Oscar Torres and senior associate Mauricio Orellana. Representation included the review of the bidding bases and subsequent preparation of legal opinions on tax, corporate and labor matters, in order to find the ideal way for the company to participate in the bid and its subsequent establishment in the El Salvadorian jurisdiction.