José Guillermo López Suárez, president of the Autonomous Port Executive Committee (CEPA) said that the best proposal in terms of state participation in the mixed society with a first class operator will be announced after the analysis.
Laprensagrafica.com reported statements by the new president: "I still do not have a convincing response on percentages because I want to understand the position of whatever is trying to be achieved with the port (in La Unión). In order to achieve the nation’s objective, we must first have the will of the mayors and members of the legislature to find a balance that allows us a way out of this entrapment."
The $3 million project to redesign the Salvadoran Port is expected to begin in February.
Guillermo López Suarez, head of CEPA, the Port Authority, explained that the project will be carried out in three phases, ending around the end of 2010.
"The official confirmed that works will be conducted under a scheduled, staged program, to avoid interfering with the arrival of those ships who are already expected to dock at the port", reported Elsalvador.com.
Spain's Royal Academy defines a "White Elephant" as something that is "expensive to maintain and has no useful purpose". Like the Port of La Union.
Without ever taking off to become the port that was promised, La Union can now add to its dismal history the increased cost of funding due to the differential between the dollar – the currency in which the meager income of the port is received - and the Japanese yen, the currency in which the loan was negotiated with the Japanese Bank for International Cooperation (JBIC) to build it.
The plan is to improve access to the port, equipment and facilities for the movement of loads, and increase the depths of the three piers.
The Autonomous Executive Port Commission of El Salvador (CEPA) will develop a renovation plan for the port of Acajutla (Sonsonate) with $8.1 million of its own funds and $22 million from external sources.The port renovation plan was approved in July by the board.
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