Puerto La Union will be tendered in 2012

The Autonomous Executive Port Commission (CEPA) is working on the conditions for the tender for the concession of the port terminal.

Friday, October 14, 2011

A group of professionals are already working on the tender documents and a draft contract which should be completed late this year or early in 2012, said Enrique Cordova, president of CEPA.

The process of inviting companies to participate in the bidding process will begin between March and April of 2012, and the new concession holder could be found before the end of the year, he added.

"According to the 'law of concession for the multipurpose specialized containers port terminal, phase I, the port of Central American Union', bidders must submit and implement a plan for an initial investment amount of at least $30 million over five years for operating equipment and facilities. The concession period will be up to 30 years and the company that wins the tender will be responsible for administration, equipment, commercial exploitation, infrastructure development, promotion, positioning and generating international business in the port", reported Laprensagrafica.com.

More on this topic

Puerto de La Union: So Far Only Words

September 2012

The Autonomous Executive Port Commission of El Salvador put to tender the administration of the port of La Union in mid-2013.

An article in Laprensagrafica.com quotes the chairman of the Autonomous Executive Port Commission of El Salvador (CEPA), Alberto Arene, who says that "The goal of CEPA is to grant concession the port of La Union, within a year, that is to say, in September 2013 ".

Companies Interested in Operating Puerto La Union

November 2011

At least 10 international companies have expressed interest in the public process to award the operation of port La Union in El Salvador.

Companies from Spain, the United States and Japan are all interested in participating, according to a market survey conducted by government authorities, said Alexander Segovia, secretary of the presidency.

Requirements Defined for Puerto de La Union Concession

June 2011

The Salvadoran government has announced the conditions to be fulfilled by companies who operate, under the form of concessions, at the new port.

Having a minimum capital of $50 million and experience in cargo handling of at least 800 000 TEUs (a TEU is equivalent to a 20-foot container) are two conditions that companies who choose to participate in the tender for the concession of the port must comply with.

La Union port inaugurated in El Salvador

January 2009

The work was christened with the name "The La Union Port of Central America" and was inaugurated officially, put the approval of concession project in the hand of the Assembly.

El Salvador.com reports: "The decree project established a public - private model for the administration and commercial development of the megastructure, with will the international operator will provide 100% in staring capital in order to set up the mixed situation in the bidding process.

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