El Salvador presents terms for port concession bids
Authorities in El Salvador have presented the terms of the tender that will lead to concessions for the ports of Acajutla and La Unión.
Tuesday, June 10, 2008
The operator will have to invest US$95 million in the first five years, according to the terms presented by Rolando Díaz Benavides of the nation's Autonomous Executive Ports Commission (CEPA).
The inaugurated port remains inactive, and both Japan and the World Bank are helping for defining a concession model.
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.
For the new port to be able to compete with other ports in the region and as an inter-oceanic canal, La Unión needs a train connection to Guatemala.
Carriers suggest specializing the ports of La Union and Acajutla in order to make them more attractive.
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