Concession for Salvadoran ports goes to the National Assembly

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.

Friday, January 16, 2009

According to elsalvador.com: "The completed La Union Port will be turned over to President Elias Saca next Wednesday. That same day he will send the draft legislation for the concession of the port to the Legislative Assembly.

Vice president, Ana Vilma de Escobar, explained yesterday that Saca will meet with the company supervising the project that was executed by the Belgian - Japanese consortium, Toa Jan de Nul. The project was completed on November 29.

More on this topic

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.

Port concession urgently needed in El Salvador

December 2008

The Salvadoran Foundation for Economic and Social Development asked the Government and Legislative Assembly to approved the concession for the port system.

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%.

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.

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

May 2008

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.

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.

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