Two Public Companies to Manage Ports in Honduras

There are two public entities recently emerged: Puertos Marítimos de Honduras and Sociedad Operaciones Portuarias de Honduras; meanwhile the private sector is demanding that the award of the works contracts follows a transparent process.

Tuesday, January 24, 2012

President Lobo has promised that with his government, "no state enterprise will be privatized."

Two public companies have been formed to manage the ports of Honduras. About two weeks ago the formation the company Puertos Marítimos de Honduras, with a minimum capital of $ 1,260,231 and the maximum of $5,246,590. In addition, last November the company Operaciones Portuarias de Honduras S. A was established with a minimum capital of $1,311 and a maximum of $ 5,246.

Both entities have as goals, in general, development, contracting, implementation, construction and construction management, infrastructure projects and services, both of a public and private nature, management, promotion, monitoring and construction of port infrastructure, management, construction and operation of ports, docks, wharves, piers, jetties, and even airports, reported ElHeraldo.hn .

More on this topic

100% Concession for La Union Port

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."

Funes Sanctions Law on Port Concession

October 2011

The Salvadoran President Mauricio Funes, has passed a law granting the concession for ‘La Union’ port.

A press release from the Presidency of the Republic of El Salvador reads:

The president passed on Wednesday, October 5, 2011, the "Law on the concession for the multi-purpose port specializing in containers, Phase I, the port of Central American Union", approved with 71 votes in the Legislative Assembly on 8 September.

Port Workers Request Secret Vote

July 2009

Leadership from the Limón port workers union have so far opposed all offers from the government.

The union known as Sintrajab, which reunites workers from state-owned Japdeva, is in a standoff with the Costa Rican Government, regarding the concession of operation and administration of the ports to a private entity.

El Salvador Approves Law on Port Concession

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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