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Govt close to launching La Unión concession (El Salvador)
2011-03-02

El Salvador's government is very close to launching a concession tender for La Unión port, according to presidential technical executive secretary Alexander Segovia.

The port's concession is fundamental to converting the country into a logistics center in the region, Segovia was reported as saying by paper La Prensa Gráfica.

To that end, the executive will also soon send legislation to congress that aims to promote public-private partnership projects, Segovia added.

A previous attempt to concession La Unión failed in 2009 after the legislative assembly rejected a bill outlining a concession model. National ports operator Cepa began partially operating the port in June last year.

BRIDGE PLAN

In related news, El Salvador's government presented a list of projects totaling 1bn colones (US$114mn) to the US Building Remittance Investment for Development Growth and Entrepreneurship (Bridge) initiative, which will provide funding for infrastructure projects.

The list includes airport and port modernization projects, as well as the expansion and strengthening of basic infrastructure, the paper said.


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