Construction of El Salvador's La Unión port reaches closing stages

Construction of El Salvador's new port, La Unión is now in its final stages, following the investment of US$96.3 million, the Executive Port Commission (CEPA) reported.

Tuesday, May 27, 2008

Albino Román, the CEPA president, said that docks for passenger, cargo and multi-purpose traffic have now been concluded, providing 820 meters of moorings. "Whichever company wins the operating concession will have to invest a lot on equipment," he added.
CEPA hopes that the Legislative Assembly will soon reach agreement on the terms of the concession that is to be offered, and President Antonio Saca called on them to do so as soon as possible.
"This is going to be one of the major ports on the Pacific, from Mexico all the way down to Peru," Saca said.

More on this topic

Shipping Companies Consider Unfeasible Opening La Unión Port

October 2009

They criticize the government's intention of operating the port with minimal equipment and under administration of CEPA, the state port authority.

Shipping companies remark that in order to make them leave Acajutla Port, the new port at La Unión must offer better fees and more efficient loading and unloading of containers.

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 still without political agreement on concession of ports

October 2008

President Antonio Saca confirmed that they presented a proposal to concession 90% of the port to the private sector and 10% to the State.

Saca said that according to the proposal, the State would receive returns based on the tariff system and not just from the percentage it owns.

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.

 close (x)

Receive more news about Infraestructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Development project for Sale by Owner

Investment Opportunity for developers. First-time on the market Investment Development Project for sale. Privileged location to the South of the Capital and a 5-minute drive to its heart.
Perfectly poised on a massive 2800 sqm approx. ‘La...

Government Procurement
Opportunities in the region
--

bid deadline

Dec 10
Dec 10
Dec 10
Dec 10
Dec 10
Dec 10

Stock Indexes

(Dec 8)
Dow Jones
0.49%
S&P 500
0.55%
Nasdaq
0.40%

Commodities

(Dec 11)
Brent Crude Oil
62.75
Coffee "C"
122.60
Gold
1,249
Silver
15.795