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.
A group of professionals is already working on the tender specifications and the draft contract, which should be completed late this year or early in 2012.
"Segovia said the government "does not have the luxury" of allowing an $180 million port to not generate income, hence highlighting the importance of the diplomats’ visit.
A month ago, the president, Mauricio Funes, approved the concession for the Cutuco port and there is still no date for when the strategic partner will be assigned."
Source: elmundo.com.sv
More on this topic
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.
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.
July 2009
Some of the proposals reviewed include making CEPA the administrator and operator of the port of La Unión.
Guillermo López Suárez, president of the port commission known as CEPA, is working on a new proposal. This proposal includes an updated diagnostic of the situation.
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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