El Salvador Legislative Assembly approves concession of La Unión port. Company that wins must invest $30 million
El Salvador’s Legislative Assembly approved by a large majority the concession of the La Unión port, which sets the terms and amounts of investment to be made.
The legislation says that the company that wins the concession will have to present a $30 million plan for investment over the first five years.
Construction of the port was financed by the Japan Bank for International Cooperation. The port cost $182 million to build.
Original source (in Spanish): La Prensa Gráfica