What's Going On With La Unión Port in El Salvador?

$185 million were spent in the construction of port that is inoperative, and nobody knows when it will operate...

Friday, August 14, 2009

Industrial engineer Carlos G. Romero analyzes the situation in an article published in Laprensagrafica.com. He promises a second chapter, to expand the explanation of the multiple topics revolving around the situation.

"... each port is an universe in itself. Yes there are many successful ports operated in concession, but there are also many successful ports not operated in concession. Many failed ports are managed under concession, as many ports not managed under concession are also failures."

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.

El Salvador: Port La Unión is Inaugurated Amidst Controversy

June 2010

According to private operators, shipping companies will continue using port Acajutla, so the new port would only generate losses for the Salvadoran state.

The port, completed on January 2008, has been inoperative since then, because it lacks the necessary equipment, and because the government has not yet defined and approved a concession model for a private operator.

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.

El Salvador: Reduction of premium for port concession under consideration

November 2008

The premium that the port operators would have to pay could change due to the new international financial situation.

Internatinal operators that are interested in the La Union and Acajutla ports have said tot he Autonomous Executive Port Commission that the economic conditions to compete for the management of the port system in El Salvador are changing due to the global crisis.

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