Concession for Salvadoran ports goes to the National Assembly
The government will send the bill to the Legislative Assembly with a proposal for 90% of the shares to be owned by foreign investors and 10% by the State.
Friday, January 16, 2009
According to elsalvador.com: "The completed La Union Port will be turned over to President Elias Saca next Wednesday. That same day he will send the draft legislation for the concession of the port to the Legislative Assembly.
The Salvadoran Foundation for Economic and Social Development asked the Government and Legislative Assembly to approved the concession for the port system.
According to private operators, shipping companies will continue using port Acajutla, so the new port would only generate losses for the Salvadoran state.
For vice president Ana Vilma de Escobar, it will be difficult to consider the port concession again due to the political situation.
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.
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