100% Concession for La Union Port

©image: Puertolaunion.gob.sv

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."

Source: elmundo.com.sv

More on this topic

Concession Law for La Union Port

March 2011

The bill provides for a 30 year concession and an investment plan of at least $30 million.

The company winning the bid will implement the investment plan during the first five years.

"The Minister of Public Works, Gerson Martinez, confirmed that the project will operate under the 'Landlord' system," informs Elsalvador.com.

Satisfaction with the Puerto La Union Concession Model

June 2011

The private sector has pointed out the constitutionality of the decree and considers that it is conveying the right message to foreign investment.

Representatives of the Foundation for Economic and Social Development (Fusades) and the National Association of Private Enterprise (ANEP), noted that the decree for the concession is focused on and consistent with the goals of economic development.

El Salvador's Sea Cargo Market

December 2009

Salvadoran ports will handle 150.000 containers in 2010, and 210.000 in 2015.

These figures come from a study conducted by Japanese experts on the country's port potential. The first part of this study has already been delivered to the CEPA, the Salvadoran ports authority.

El Salvador: National Concession System

March 2011

The union of private companies submitted a proposal for the creation of a national concessions system.

The National Association of Private Enterprises (ANEP) stated that through a working concession mechanism, the country can attract foreign investment for road infrastructure projects, telecommunications, energy, logistics, etc.