La Unión Port Concession Not Before 2012

Drafting a law decree for giving La Unión's operation under concession could take more than two years.

Tuesday, August 18, 2009

This was stated by the Executive Autonomous Port Commission (CEPA), who considered the estimated length of the technical feasibility study by the Japanese International Cooperation Bank, which will start in October.

"The estimated time could be shortened, but it depends on the transparency of the process. It must allow everyone to be clear and sure of what is being done", reports ElSalvador.com. "CEPA repeated yesterday that the port will begin operations in the first quarter of 2010, but discarded that this could negatively affect Acajutla, which will continue receiving liquid and bulk products, as it is done today".

More on this topic

Puerto de La Union Generates Monthly Losses of $100 thousand

May 2011

Although it is not yet operating, the port terminal in salaries alone has an outlay of $100 thousand per month.

Since the start of operations in June 2010, only five boats have been received and about 90 employees have been hired in the areas of maintenance, miscellaneous services and administration among others.

Government to Award Concession of La Union Port

March 2011

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

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.

Puerto La Union will be tendered in 2012

October 2011

The Autonomous Executive Port Commission (CEPA) is working on the conditions for the tender for the concession of the port terminal.

A group of professionals are already working on the tender documents and a draft contract which should be completed late this year or early in 2012, said Enrique Cordova, president of CEPA.

La Union port inaugurated in El Salvador

January 2009

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.

El Salvador.com reports: "The decree project established a public - private model for the administration and commercial development of the megastructure, with will the international operator will provide 100% in staring capital in order to set up the mixed situation in the bidding process.

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