El Salvador port concession postponed
El Salvador's Puerto de la Union will have to wait to get its operating permit, a problem that might delay its official opening which is supposed to take place in August 2009.
Tuesday, July 15, 2008
The Autonomous Executive Port Commission is waiting to ensure high levels of quality, but so far construction has not been completed at La Union.
All financial analysis on the administration of the La Union Port point to one unmistakable result: the most profitable option is to grant a concession to a private company.
The project presented by the Government to the Legislative Assembly proposed the concession of both the La Union and the Acajutla ports to one operator.
The work was christened with the name "The La Union Port of Central America" and was inaugurated officially, put the approval of concession project in the hand of the Assembly.
Although it is not yet operating, the port terminal in salaries alone has an outlay of $100 thousand per month.
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