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.

According to an article published in laprensagafica.com, these investments, totaling $21.8 million, include $16.5 million for the replacement of the International Airport’s electrical system and $5.3 million for various projects in Acajutla Port such as "the rehabilitation of roads and cranes, repair of Piers A, B and C, construction of a perimeter fence, waterproofing of floor slabs and a sewage treatment plant, among others."

More on this topic

Airport Expansion in El Salvador Delayed

February 2009

While the government can not recover the investment made in Union Port, resources for the expansion of the airport cannot be counted on.

El Salvador publishes in its website: " CEPA has on a master expansion plan, which was presented at the end of 2007 by Airports of Paris, that contemplates the future infrastructure development capacity of the airfield in various phases at a cost of more than $700 million.

Construction of the La Union Port in El Salvador completed

December 2008

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.

There is still no political consensus for the concession or for the shareholder participation that the State should have in the company that will manage the Port.

Port concession in El Salvador unresolved

August 2008

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.

CEPA president, Albino Román, said that this is the most appropriate way because it is attractive to big companies and will permit better development of the terminal and will generate income for the country, both from the operation of the port as well as from taxes.

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.

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