La Union port inaugurated in El Salvador
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.
Tuesday, January 22, 2008
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.
Members of the Finance Committee have reached a consensus on the concession system to be used for operations at the La Union port.
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).
Yesterday the Vice-president of the Republic headed the first meeting of the committee established to analyze the future concession process for the Salvadoran port system.
By next week, the government will send to the National Assembly a draft law for the concession of the port of La Union.
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