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- La Union, Acajutla ports should operate as single unit - APM Terminals
- La Union, Acajutla ports should operate as single unit - APM Terminals
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Privatization/Concession | Government/Regulations | Ports/HarborsResearch Reports
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MeneameEl Salvador's Acajutla and La Union ports should be concessioned as a single unit, according to Dutch company APM Terminals'regional manager for Latin America, Henrik Pedersen.
"El Salvador is not that big a country and the two terminals by themselves are not that big. In my opinion, those ports should be run under only one management in order to be more efficient," Pedersen told BNamericas.
If the two terminals were to be concessioned together, APM Terminals would be interested in bidding for their concession, according to the executive.
"If a tender covers both ports and the contract terms allow the concessionaire to make a decent return on its investment, then we would definitely be interested," Pedersen said.
The two ports, currently operated by national ports authority Cepa, could eventually be concessioned, pending changes to El Salvador's concession law.
The ports cannot be concessioned under the current law; however, the World Bank's International Finance Corporation (IFC) is carrying out a study to determine the financial, technical and legal feasibility of concessioning the ports.
Cepa began operating La Union port on June 21. In May, the Japan International Cooperation Agency (JICA) recommended that Cepa operate La Union for at least three years before signing a concession contract with a private operator.
APM Terminals operates container facilities in 34 countries. In 2009, the firm handled 31mn TEUs and registered revenue of US$3.02bn, according to the company website.
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