Government to Award Concession of La Union Port

By next week, the government will send to the National Assembly a draft law for the concession of the port of La Union.

Wednesday, March 16, 2011

The concession is to be developed under the “landlord” format, in which the State retains control and ownership of the assets but delegates responsibility to a private operator in order to develop the business on his own account and risk, stated Salvadoran president Mauricio Funes.

Only Phase 1 of the port will be concession, the docking area, which has 560 meters. The other facilities will remain in the hands of CEPA and could independently be concession having already received some offers from foreign investors.

The port of La Union is designed for container operation and is currently managed by the Autonomous Executive Port Commission (CEPA).

More on this topic

Companies Interested in Operating Puerto La Union

November 2011

At least 10 international companies have expressed interest in the public process to award the operation of port La Union in El Salvador.

Companies from Spain, the United States and Japan are all interested in participating, according to a market survey conducted by government authorities, said Alexander Segovia, secretary of the presidency.

Satisfaction with the Puerto La Union Concession Model

June 2011

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.

Requirements Defined for Puerto de La Union Concession

June 2011

The Salvadoran government has announced the conditions to be fulfilled by companies who operate, under the form of concessions, at the new port.

Having a minimum capital of $50 million and experience in cargo handling of at least 800 000 TEUs (a TEU is equivalent to a 20-foot container) are two conditions that companies who choose to participate in the tender for the concession of the port must comply with.

El Salvador: Port La Unión is Inaugurated Amidst Controversy

June 2010

According to private operators, shipping companies will continue using port Acajutla, so the new port would only generate losses for the Salvadoran state.

The port, completed on January 2008, has been inoperative since then, because it lacks the necessary equipment, and because the government has not yet defined and approved a concession model for a private operator.

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