Operators ask for resolution of the La Union port situation in El Salvador

Four port operators that are interested in the port, met at forum organized by the CND and expressed their concern about the uncertainty surrounding the operation of the terminal.

Wednesday, November 26, 2008

They all agree that the window of opportunity which El Salvador has by having already built the port will not last much longer: Guatemala, Costa Rica and Mexico are also very attractive.

"(Guatemala) definitely attracts us because they have a much bigger market than El Salvador and it boils down to who acts first, that is why everyone is expressing urgency and the need to act quickly," said Henrik Pedersen, Dutch operator - APM Terminals.

More on this topic

El Salvador Approves Law on Port Concession

September 2011

The Legislature has passed a law allowing the concession for the Puerto La Union.

The new legislation will grant a concession of up to 30 years for the port terminal to private companies, who must invest $30 million in the first five years of the concession for equipment and operation of the terminal.

Contract Signed for New Port in Moin

August 2011

After an arduous process, the government of Costa Rica has signed a concessionary award to Dutch run APM Terminals for the construction of the port and its management for a period of 30 years.

APM Terminal's investment will be $950 million, and they will have a period of 3 years to build a container port in Moin on the Caribbean coast of Costa Rica, north of the existing port facilities.

Law On Port Concession in El Salvador

August 2011

Members of the Finance Committee have reached a consensus on the concession system to be used for operations at the La Union port.

Almost three years after the inauguration of the terminal, and after losses close to a million dollars a month, ministers have reached a consensus and believe that the conditions have been set, ready for the project to be approved in the Legislature Assembly as soon as possible.

APM Terminals Expresses Interest in Salvadoran Ports

September 2010

The combined concession of the La Unión and Acajutla ports is said to interest the Dutch company.

"El Salvador is not a very big country, these ports are not very big either. As such I think it makes sense for them to managed under one administration in order to make them more efficient," APM Terminals' Latin America manager, Henrik Pedersen, told BNamericas.

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