The National Association of Private Enterprises (ANEP) stated that through a working concession mechanism, the country can attract foreign investment for road infrastructure projects, telecommunications, energy, logistics, etc.
"According to ANEP putting in the hands of investors such projects not only leads to progress in terms of development, but would free government from allocating funds for these projects, allowing expenditures in social programs such as safety, health and education," reported the article in Elsalvador.com.
The private sector has pointed out the constitutionality of the decree and considers that it is conveying the right message to foreign investment.
Representatives of the Foundation for Economic and Social Development (Fusades) and the National Association of Private Enterprise (ANEP), noted that the decree for the concession is focused on and consistent with the goals of economic development.
It was determined that the best option for the port terminal is to have 100% private administration.
This was revealed by the report issued by the International Finance Corporation (IFC), according to the Executive Port Commission (CEPA) in El Salvador.
"The option is called master concession, which means that a company will manage the terminal, but it still belongs to the state," Enrique Córdova, president of Cepa, told newspaper El Mundo. "The master concession for infrastructure is granted to an international operating entity responsible for managing it entirely, for the period of time stated in the contract."
Both terminals should be subject to investment, without one being protected at the expense of the other.
The Salvadoran Foundation for Economic Development (Fusades) and the National Private Business Association (ANEP) presented their views on the concession granted to Puerto La Union before the Committee on Finance.
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