Concession of Salvadoran ports will be public/private

Everything appears to indicate that the port system will be granted in a public/private concession, said Ana Vilma de Escobar, Vice-president of the Republic.

Monday, September 29, 2008

"The idea is to seek a public/private association, where the State will provide the least possible amount, since we are talking about $1 billion in investment over 25 years... as we do not have to capacity to provide this amount," she added.
The Vice-president stated that they should not be afraid of concession, since they are seeking the greatest benefit for the country.
"We must recognized that we do not have the capacity nor the resources in order to development some of our most important projects," she said.



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Concession for Salvadoran ports goes to the National Assembly

January 2009

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.

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.

El Salvador: "Now is not the time to talk about the port"

November 2008

For vice president Ana Vilma de Escobar, it will be difficult to consider the port concession again due to the political situation.

"I think we are at the point where recognize that international operators are willing to do business with the country, however we are in the middle of an electoral season and this makes its harder to discuss the project," Escobar said.

Mixed concession being evaluated for Salvadoran ports

September 2008

The Government is evaluating a public-private design for the operation of the country's port system.

"What is clear is that there must be a concession, although at the moment a master concession is not supported," Ana Vilma de Escobar, vice-president of the Republic, admitted. She has been in charge of promoting the concession of the La Union port and the Acajutla port to international companies.

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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