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El Salvador: Port La Union Delayed Once Again

CEPA, the country’s port commission, intended to open the port on April; this date has been pushed forward as the facility is missing some required equipment.

Tuesday, March 23, 2010

©image: CentralAmericaData.COM

CEPA wants to open the port as soon as possible, as it continues to pay maintenance costs. Inaugurated on January 2009, the port remains closed, generating monthly losses of more than $1 million.

“The port is now in need of some minimal equipment to load and unload cargo from ships. Such equipment is in the process of being purchased”, reported newspaper El Diario de Hoy.

Source: elsalvador.com

Key entities

Puerto La Unión Jorge José Daboub Commerce Chamber (El Salvador) Vilma Calderón Salvadorean Exporters Association Autonomous Executive Port Commission (El Salvador)

Countries

El Salvador

Places

Puerto La Unión

Insight

port Ports Logistics

El Salvador: Puerto La Unión Starts Operating Without Cranes

March 2010

Port authorities decided to open the port in a month and a half, even though it lacks the necessary infrastructure.

For the moment, cargo will be loaded and unloaded using the cranes available at the ships, until high capacity cranes arrive on May 2011.

Guillermo López Suárez, president of CEPA (Ports Commision), told Elsalvador.com: “…at first cargo movement will be modest, but as we deploy more specialized equipment we will lure more customers”.

El Salvador Analyzes Issuing Debt to Expand Airport

January 2010

Officials are considering issuing bonds or taking loans to finance the expansion of AIES International Airport.

Guillermo López Suárez, president of CEPA, the Airports Authority, explained they need $25 million to fund the expansion, and that they must study priorities, as this transaction would increase the country's level of debt.

Shipping Companies Consider Unfeasible Opening La Unión Port

October 2009

They criticize the government's intention of operating the port with minimal equipment and under administration of CEPA, the state port authority.

Shipping companies remark that in order to make them leave Acajutla Port, the new port at La Unión must offer better fees and more efficient loading and unloading of containers.

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.

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