La Unión, Acajutla ports concession decree sent to El Salvador's congress
El Salvador's national ports authority Cepa has sent the project decree for the concession of its La Unión and Acajutla terminals to congress, Cepa planning manager Ernesto Altschul told BNamericas.
Wednesday, April 30, 2008
"The project decree required by the constitution was sent to the legislative assembly, where it will be analyzed by a commission," he said, adding: "We expect the process to be completed within a month."
El Salvador will earn US$8 million a year over the next 25 years from a concession to operate the port of La Unión, predicted Albino Román, president of the Autonomous Port Authority (CEPA).
President Antonio Saca confirmed that they presented a proposal to concession 90% of the port to the private sector and 10% to the State.
They criticize the government's intention of operating the port with minimal equipment and under administration of CEPA, the state port authority.
A new law on port concessions is likely to be passed by El Salvador's Legislative Assembly within weeks, according to Ricardo Montenegro, head of the nation's ports commission.
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