Guatemala: Development Alliances Law
When the law comes into force, the country hopes to be able to attract infrastructure investments worth $400 million per year.
Friday, August 13, 2010
The new law allows private companies to be delegated authority to administer and carry out mega-projects.
A regional airport, a highway on the Pacific, and other road projects would be feasible within the framework of the Law of Partnerships for Economic Infrastructure Development.
The country's council for development partnerships (Conadie) will be responsible for approving investment and infrastructure projects to be carried out jointly by the government and private sector.
The new law, which should boost economic growth, will come into effect next 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”).
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