Construction of El Salvador's La Unión port reaches closing stages

Construction of El Salvador's new port, La Unión is now in its final stages, following the investment of US$96.3 million, the Executive Port Commission (CEPA) reported.

Tuesday, May 27, 2008

Albino Román, the CEPA president, said that docks for passenger, cargo and multi-purpose traffic have now been concluded, providing 820 meters of moorings. "Whichever company wins the operating concession will have to invest a lot on equipment," he added.
CEPA hopes that the Legislative Assembly will soon reach agreement on the terms of the concession that is to be offered, and President Antonio Saca called on them to do so as soon as possible.
"This is going to be one of the major ports on the Pacific, from Mexico all the way down to Peru," Saca said.

More on this topic

Companies Interested in Operating Puerto La Union

November 2011

At least 10 international companies have expressed interest in the public process to award the operation of port La Union in El Salvador.

Companies from Spain, the United States and Japan are all interested in participating, according to a market survey conducted by government authorities, said Alexander Segovia, secretary of the presidency.

El Salvador: Port La Unión is Inaugurated Amidst Controversy

June 2010

According to private operators, shipping companies will continue using port Acajutla, so the new port would only generate losses for the Salvadoran state.

The port, completed on January 2008, has been inoperative since then, because it lacks the necessary equipment, and because the government has not yet defined and approved a concession model for a private operator.

Port concession in El Salvador unresolved

August 2008

The project presented by the Government to the Legislative Assembly proposed the concession of both the La Union and the Acajutla ports to one operator.

CEPA president, Albino Román, said that this is the most appropriate way because it is attractive to big companies and will permit better development of the terminal and will generate income for the country, both from the operation of the port as well as from taxes.

Concession or no concession

August 2008

All financial analysis on the administration of the La Union Port point to one unmistakable result: the most profitable option is to grant a concession to a private company.

The construction of the La Union Port will be completed on November 30, 2008. However, the project, considered as strategic to the economic development of El Salvador, may not be ready to function because lawmakers, who have to debate and approve the law that will allow the administration of its services to be put to concession, are still not ready to make a decision.

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