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 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.

It was also made clear that the initial capital for the new mixed company that will be established for the port concession, base on the bidding, will be provided by the international operator in its totality.

More on this topic

Law On Port Concession in El Salvador

August 2011

Members of the Finance Committee have reached a consensus on the concession system to be used for operations at the La Union port.

Almost three years after the inauguration of the terminal, and after losses close to a million dollars a month, ministers have reached a consensus and believe that the conditions have been set, ready for the project to be approved in the Legislature Assembly as soon as possible.

Port chief says La Unión concession will earn El Salvador US$8 million a year

July 2008

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).

Román said the projection was based on the minimum forecast for the volume of cargo. The 178,000 square-meter cargo terminal will have a 350,000 TEU (20ft equivalent) container handling capacity.

El Salvador: Port concession process under analysis

August 2008

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.

The schedule established by the Autonomous Executive Port Commission to grant concessions for the ports of Acajutla and La Union is being delayed due to the refusal of some lawmakers to approve the Government’s proposal.

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.

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