Puerto de La Union: So Far Only Words

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

Monday, September 10, 2012

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 ".

"CEPA had planned to announce the tender last August and close the submission of bids on 15 November. In this was awarding the work would have taken place in December this year."

Meanwhile, the Japanese loan amortization for the construction of the port, consumes $10 million a year.

More on this topic

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.

Puerto La Union will be tendered in 2012

October 2011

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

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.

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.

100% Concession for La Union Port

November 2010

It was determined that the best option for the port terminal is to have 100% private administration.

This was revealed by the report issued by the International Finance Corporation (IFC), according to the Executive Port Commission (CEPA) in El Salvador.

"The option is called master concession, which means that a company will manage the terminal, but it still belongs to the state," Enrique Córdova, president of Cepa, told newspaper El Mundo. "The master concession for infrastructure is granted to an international operating entity responsible for managing it entirely, for the period of time stated in the contract."

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