Renewed Interest in Puerto La Union

Ten international companies have shown interest in operating the Salvadoran port and investing $30 million in renovating its infrastructure.

Friday, June 1, 2012

More than 10 international companies from Europe, Asia, America and Latin America have submitted bids for the administration of Puerto La Union, although the tender process will be carried out during the rest of the year, said Alberto Arene, president of the Executive Committee of Autonomous Ports (CEPA in Spanish).

"In order to award a concession the port of La Union we need bids and the bids are being received right now," said the president of El Salvador, Mauricio Funes.

"According to the law on concessions for the port of La Union, the operator must submit and execute an initial investment plan totaling at least $30 million over five years for equipment and operation of the facility. The bidding companies must demonstrate financial strength which can not be less than $40 million. The concession of the port will be for up to 30 years," reported Laprensagrafica.com.

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.

Puerto La Union will be tendered in 2012

October 2011

The Autonomous Executive Port Commission (CEPA) is working on the conditions for the tender for the concession of the port terminal.

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.

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.

Companies Interested in Operating Puerto La Union

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.

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