Puerto La Union: More Time for the White Elephant

The Autonomous Executive Port Commission of El Salvador is now considering extending the deadline for pre-qualified companies to complete the consultation process for bidding in the concession.

Thursday, October 30, 2014

The never ending story continues...

Initially submission of bids was planned for December 2 but now they are considering giving another 15 days to 4 pre-qualified firms in order to respond to queries about the process and so that they are better able to present "... their final offers in the best way."

Nelson Vanegas, president of the autonomous entity, told Laprensagrafica.com that "... Companies interested in the port of La Union inquired about the port's capacity, market potential, domestic legislation and the dredging of the access channel. The four shortlisted firms are Saam Puertos, S. A., from Chile; Group Maritime TCB, from Spain; International Container Terminal Services Incorporated, from the Philipines; and Bolloré Port and Logistics, from France. "

'... The company that wins the award must invest at least $30 million in the first 10 years of the concession. The law stipulates that the concession will be for a maximum period of 30 years. "

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More on this topic

New Attempt to Tender Puerto La Union

August 2018

Authorities at the CEPA in El Salvador announced that in October they plan to publish, once again, the tender to grant the operation of the port terminal in concession.

In September 2017, here at CentralAmericaData we published: "Almost nine years after its inauguration, Puerto La Union in El Salvador is still not operating to its full capacity, and two years have now passed without a private company managing to take over its operation."

Puerto La Union: White Elephant Sits Waiting

May 2015

Now May 28th is the "confirmed" date for the submission of bids in the tender for the Central American Port of La Union.

According to the Executive Port Commission (CEPA), resolutions have been given to 63 queries put forward by four companies which have pre-qualified to participate in the tender, and because of this there will be no further changes to the date for receiving bids.

Who will pay for Dredging of La Union Port ?

December 2014

Companies interested in the concession are not yet clear how the dredging of the access channel to the port will be financed and what impact will have the cost on the profitability of the project.

According to authorities at the Autonomous Executive Port Commission (CEPA), the cost of dredging must be assumed by the government of El Salvador, through them. However, the government has not included this project in its budget.

Deadline Extended for Puerto La Union Bids

November 2014

An announcement has been made that the Autonomous Executive Port Commission will extend the consultation period for pre qualified companies until January 23, 2015 and the receipt of bids until December 23rd.

The concession of the "white elephant" project in El Salvador is still behind schedule.

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