El Salvador still without political agreement on concession of ports

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

Tuesday, October 21, 2008

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.
"The State would receive an amount for the concession, and the 10% which it will keep was practically part of the negotiation, but it is too early," he commented.
Saca affirms that he has his own proposal on how the concession of the ports should be made, but he didn't want to present it as yet.

More on this topic

El Salvador Behind in Port Logistics

January 2012

With no changes in sight in the short-term Salvadoran ports have lost competitiveness in the region.

Operations of the $200 million mega-port La Union are limited and only make logistics costs more expensive. The Port of Acajutla is operating at full capacity, but authorities have not yet defined a clear way forward.

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.

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.

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