100% Concession for La Union Port
It was determined that the best option for the port terminal is to have 100% private administration.
Monday, November 8, 2010
This was revealed by the report issued by the International Finance Corporation (IFC), according to the Executive Port Commission (CEPA) in El Salvador.
The private sector has pointed out the constitutionality of the decree and considers that it is conveying the right message to foreign investment.
According to private operators, shipping companies will continue using port Acajutla, so the new port would only generate losses for the Salvadoran state.
The bill provides for a 30 year concession and an investment plan of at least $30 million.
El Salvador's state ports authority (CEPA) will bring together the various political factions in a first international consultation workshop.
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