Guatemala: Approval of Law to put mega projects to tender favorable
The Law of Alliances for Development would allow delegating the execution and administration of mega projects to private companies.
Tuesday, December 16, 2008
The objective, according to documents, is to allow the private sector to build and manage services that are traditionally handled by the public sector, such as the construction of highways, airports, ports, and other infrastructure.
When the law comes into force, the country hopes to be able to attract infrastructure investments worth $400 million per year.
Enlarging Port Quetzal is the largest project in a list of initiatives that will be developed using the recent Law for Development Alliances (“Ley de Alianzas para el Desarrollo”).
Plans for the construction of the airport of Puerto de San José, Escuintla, are ready, and a partnership with the private sector is being sought to provide the finance of $140 million required for the project.
Private-sector companies, both national and foreign, will be invited to participate in Guatemalan public-sector infrastructure projects under a bill published yesterday.
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