Concession Law for Salvadoran Ports Planned for October

The Assembly is to receive the bill toward the end of next month and its approval is expected by the end of the year.

Monday, September 27, 2010

Should this happen, by the second half of 2011 the tender process could be launched, according to predictions by the International Finance Corporation (IFC) and El Salvador's state ports authority (CEPA).

"The IFC, the World Bank's financial arm for the private sector, is supporting the Salvadoran government in the creation of the concession model. The corporation will soon complete market research and a proposal for a framework law," reports Laprensagrafica.com.

In the short term a law firm specializing in shipping legislation will be contracted in order to draw up the concession law.

More on this topic

The Port of La Union Concession

November 2013

It has been announced that under the DR-CAFTA, a U.S. company will participate in the bidding for the concession without having to be prequalified.

"I will receive this company next week and want them to take part because under the Free Trade Agreement between Central America, the Dominican Republic and the U.S.

Funes Sanctions Law on Port Concession

October 2011

The Salvadoran President Mauricio Funes, has passed a law granting the concession for ‘La Union’ port.

A press release from the Presidency of the Republic of El Salvador reads:

The president passed on Wednesday, October 5, 2011, the "Law on the concession for the multi-purpose port specializing in containers, Phase I, the port of Central American Union", approved with 71 votes in the Legislative Assembly on 8 September.

Analysis of Port Concession Draft Law in El Salvador

March 2009

With the participation of Peruvian specialist, Lincoln Flor Rojas, the National Commission for Development held a forum to discuss port concessions.

Lincoln Flor Rojas, manager of the Oversight Agency for Investment in Transport Infrastructure and Public Use in Peru informed Laprensagrafica.com: "The state must find an international operator that offers quality and effectiveness in the management of the service, instead of focusing on the amount of investment that it can bring immediately. What I find dangerous are the renegotiations that are almost immediate in committed reinvestment. It should be regulated more by the level of quality than the amount invested."

El Salvador: Port concession process under analysis

August 2008

Yesterday the Vice-president of the Republic headed the first meeting of the committee established to analyze the future concession process for the Salvadoran port system.

The schedule established by the Autonomous Executive Port Commission to grant concessions for the ports of Acajutla and La Union is being delayed due to the refusal of some lawmakers to approve the Government’s proposal.

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