Little Investment for Salvadoran Ports and Airports

CEPA finances will only allow them to invest $21.8 million that is considered critical to maintaining operations in 2009.

Wednesday, April 15, 2009

The Executive Autonomous Port Commission (CEPA) of El Salvador has committed its finances to the payment of the loan from the Japanese JBIC Bank for the construction of La Unión Port, leaving few resources for other investments. This year, the entity will only make certain investments considered "critical" so that the normal operation of Acajutla Port and the International Airport of El Salvador will not be affected.

According to an article published in laprensagafica.com, these investments, totaling $21.8 million, include $16.5 million for the replacement of the International Airport’s electrical system and $5.3 million for various projects in Acajutla Port such as "the rehabilitation of roads and cranes, repair of Piers A, B and C, construction of a perimeter fence, waterproofing of floor slabs and a sewage treatment plant, among others."

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Airport Expansion in El Salvador Delayed

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There is still no political consensus for the concession or for the shareholder participation that the State should have in the company that will manage the Port.

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.

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

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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.


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