Port concession urgently needed in El Salvador
The Salvadoran Foundation for Economic and Social Development asked the Government and Legislative Assembly to approved the concession for the port system.
Tuesday, December 16, 2008
The entity supported, via a memorandum on the issue, the proposal to give 90% of the administration of the country's two main ports to private hands, while the State mains 10%. "This is precisely what the Presidential Commission for the Analysis of the Concession of Port Acajutla and Port La Union has concluded," the Foundation reiterated.
The government will send the bill to the Legislative Assembly with a proposal for 90% of the shares to be owned by foreign investors and 10% by the State.
President Antonio Saca confirmed that they presented a proposal to concession 90% of the port to the private sector and 10% to the State.
According to private operators, shipping companies will continue using port Acajutla, so the new port would only generate losses for the Salvadoran state.
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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