The following is an analysis from Corporate Finance Week:
CFW believes the announcement that El Salvador’s Autonomous Executive Port Commission (CEPA) expects to finalise the concession of La Unión by July 2012 is good news for the country’s port sector. We caution, however, that the operator should consider concessioning the ports of Acajutla and La Unión as a single unit if it wants to attract investment from major international port operators.
According to CEPA’s concessions director, Rolando Díaz, a bill that will allow La Unión’s concession has been presented to the legislative assembly and is expected to be submitted to the special finance committee for discussion shortly.