A group of professionals are already working on the tender documents and a draft contract which should be completed late this year or early in 2012, said Enrique Cordova, president of CEPA.
The process of inviting companies to participate in the bidding process will begin between March and April of 2012, and the new concession holder could be found before the end of the year, he added.
"According to the 'law of concession for the multipurpose specialized containers port terminal, phase I, the port of Central American Union', bidders must submit and implement a plan for an initial investment amount of at least $30 million over five years for operating equipment and facilities. The concession period will be up to 30 years and the company that wins the tender will be responsible for administration, equipment, commercial exploitation, infrastructure development, promotion, positioning and generating international business in the port", reported Laprensagrafica.com.
Source: laprensagrafica.com
More on this topic
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.
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.
September 2011
The Legislature has passed a law allowing the concession for the Puerto La Union.
The new legislation will grant a concession of up to 30 years for the port terminal to private companies, who must invest $30 million in the first five years of the concession for equipment and operation of the terminal.
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