**News Flash: Historic Investment in El Salvador's Ports and Bitcoin City**
El Salvador is set to receive its largest private investment ever, with Turkish port operator Yilport Holdings committing $1.6 billion to develop two key ports. The deal, announced by President Nayib Bukele, involves a 50-year joint venture with El Salvadorâs Autonomous Port Executive Commission (CEPA) to operate the Acajutla and La UniĂłn ports.
- **Bitcoin City Connection**: La UniĂłn port, the proposed site for the ambitious Bitcoin City, will see significant upgrades. Bitcoin City aims to run entirely on Bitcoin and be tax-exempt except for value-added tax.
- **Financing Shifts**: Originally planned to be funded by a $1-billion Bitcoin bond, the project now gains momentum with Yilport's investment. Dredging and equipment purchases are expected by year-end.
Stay tuned as El Salvador's Bitcoin-driven vision takes shape!
