More companies show interest in El Salvador's port operations

El Salvador is reaping results from the promotion of its ports system through the Investment Promotion Agency.

Wednesday, June 18, 2008

More companies are interested in the possibility of operating the nation's port system, including maritime terminals at Acajutla and the still-under-construction port at La Unión, says Vice President Ana Vilma de Escobar.
The vice president was participaing in the TOC Europe Events in Holland, a meeting of the world's leading port operators and shipowners.
The Investment Promotion Agency is working with the Executive Commission on Autonomous Ports.

More on this topic

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.

El Salvador: "Now is not the time to talk about the port"

November 2008

For vice president Ana Vilma de Escobar, it will be difficult to consider the port concession again due to the political situation.

"I think we are at the point where recognize that international operators are willing to do business with the country, however we are in the middle of an electoral season and this makes its harder to discuss the project," Escobar said.

El Salvador: Preliminary agreement for Port concession

August 2008

Although it is not definitive, it seems that the various sectors have agreed that the La Union Port will be granted in concession to an international operator.

This was expressed by spokespersons for the presidential commission set up to analyze the concession of the Acajutla and the La Union ports.

El Salvador: Port La Unión is Inaugurated Amidst Controversy

June 2010

According to private operators, shipping companies will continue using port Acajutla, so the new port would only generate losses for the Salvadoran state.

The port, completed on January 2008, has been inoperative since then, because it lacks the necessary equipment, and because the government has not yet defined and approved a concession model for a private operator.

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