The Autonomous Executive Port Commission of El Salvador tenders the lease service of a digital radio communication system for the Port of Acajutla, for 2020.
The growing tendency to lease rather than buy, not only real estate and cars, but also services and products, is forcing traditional companies to reinvent themselves completely, not to be left out of the new digital and collaborative economy.
Although in Central America this trend is not yet as marked as in other regions of the world, companies that want to prevail in the future must pre-empt it and begin to redefine their long-term strategies, considering these changes that while leading the new generations, are not alien to other age segments of the population.
The Salvadoran government has ruled out making another tender to grant the operation of the terminal and is preparing a bill so that it can be granted under the form of a lease.
The mistakes made when trying to put out to tender, repeatedly, the operation of Puerto La Union will not be repeated again, as now a proposal has been made to change the format under which the terminal operates from a concession to a lease arrangement The Salvadoran government insists on finding a way for La Union to be operational, even thoughthere is not enough maritime traffic to be served by this terminal and the one in Acajutla.
Elmundo.sv reports that "...The Technical and Planning secretary of the Presidency, Roberto Lorenzana said that the Executive Branch will promote to the Legislature the Port Services Act which allows for operation of this terminal to be granted under a lease format.The official recalled that investors who initially showed interest in the project were not attracted to the idea of a concession of this port governed by the Law on Concessions, which establishes certain conditions and the payment of an initial fee and a defined cargo quota in a port with a minimum cargo handling and which is located in an 'inappropriate' place. "
In this regard, the executive director of Coexport, Silvia Cuellar,"... said although offering facilities will probably help attract investors, they are concerned that the discussion of what to do with the port is advancing slowly, while other terminals such as Puerto Cortes in Honduras and Puerto Santo Tomas de Castilla in Guatemala are undertaking improvement projects to attract more cargo to their facilities. "
Tenants of commercial property at the international airport have announced they will not make investments until the government states whether it will renew contracts and maintain rent costs.
The lack of concrete answers from the Autonomous Executive Port Commission (CEPA) could endanger new investment of at least 84 tenants operating in the El Salvador International Airport, reported Elsalvador.com. The businesses are in the food, crafts and duty free shopping sectors.
Public land will be offered for the installation of power plants to companies that are chosen in the tender for the supply of 350 MW.
At the launch of the new tender for 350 MW, representatives from the Salvadoran government announced incentives to investors, among which is the leasing of state-owned land for the installation of power plants.
Safety and accessibility are the determining factors for the price of leases.
The price of renting a three-story house, air conditioned with garage for several vehicles and located in a middle class area is around $5000. In comparison a one storey, three bedroom is around $1000.
Salvadorans are gearing more towards renting homes, as buying real estate is becoming increasingly difficult, due to little credit and complicated paperwork.
Additionally, banks are lending little money to build new homes.
Real Estate Investment Banking in Central America
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
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