La Unión, Acajutla ports concession decree sent to El Salvador's congress

El Salvador's national ports authority Cepa has sent the project decree for the concession of its La Unión and Acajutla terminals to congress, Cepa planning manager Ernesto Altschul told BNamericas.

Wednesday, April 30, 2008

"The project decree required by the constitution was sent to the legislative assembly, where it will be analyzed by a commission," he said, adding: "We expect the process to be completed within a month."
"Once approved, the decree will become a law of the republic and the prequalification phase will begin," he stated.

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 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 chief says La Unión concession will earn El Salvador US$8 million a year

July 2008

El Salvador will earn US$8 million a year over the next 25 years from a concession to operate the port of La Unión, predicted Albino Román, president of the Autonomous Port Authority (CEPA).

Román said the projection was based on the minimum forecast for the volume of cargo. The 178,000 square-meter cargo terminal will have a 350,000 TEU (20ft equivalent) container handling capacity.

El Salvador on course for port concessions

May 2008

A new law on port concessions is likely to be passed by El Salvador's Legislative Assembly within weeks, according to Ricardo Montenegro, head of the nation's ports commission.

Montenegro said that construction of Limón port is on schedule and should be concluded by November. Once the new law is passed, a concession could be granted early next year, he added.

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