Little Investment for Salvadoran Ports and Airports
CEPA finances will only allow them to invest $21.8 million that is considered critical to maintaining operations in 2009.
Wednesday, April 15, 2009
The Executive Autonomous Port Commission (CEPA) of El Salvador has committed its finances to the payment of the loan from the Japanese JBIC Bank for the construction of La Unión Port, leaving few resources for other investments. This year, the entity will only make certain investments considered "critical" so that the normal operation of Acajutla Port and the International Airport of El Salvador will not be affected.
While the government can not recover the investment made in Union Port, resources for the expansion of the airport cannot be counted on.
Months will go by before the concession for its operation is granted. President Saca hopes to send the concession project to Congress by January 18.
The project presented by the Government to the Legislative Assembly proposed the concession of both the La Union and the Acajutla ports to one operator.
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).
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