El Salvador: Law for Public-Private Partnerships
Government will send to Congress a draft of a Law regulating Public Private Partnerships.
Tuesday, January 11, 2011
The law would regulate state participation in these associations, to establish parameters for private enterprises and the regulations regarding tendering and contracting procedures.
Experts from various countries have been discussing the how to make the law successful in terms of attracting foreign investment.
The bill submitted by the Government proposes a term not exceeding 40 years, including extensions, for public-private contracts.
Representatives of employers in El Salvador say the bill submitted to the Legislature does not provide legal certainty to investors.
The government wants the private sector to be more involved in the development of infrastructure and services normally provided by the state.
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