In Panama, in the third debate, the bill creating the Public-Private Association regime was approved, which in its latest version set limitations on companies accused of acts of corruption.
Thursday, September 12, 2019
According to the text approved and awaiting the approval of the Executive, companies that are delinquent in the payment of fines for breach of contracts, will also have limitations to participate in these public concession model.
With the inclusion of the rules to be able to compete in the tender processes, was endorsed in third debate the bill 12 that creates the regime of Public-Private Partnership (PPP) as a method to attract private investment and generate jobs.
After introducing modifications, especially those that establish the limitations to the companies indicated in acts of corruption and the exclusion of a representative of the National Assembly in the entity responsible for defining the works to be developed under this scheme, the vote in favor was carried out.
The Vice Minister of Public Works, Librada de Frías, showed the Executive's complacency because, she emphasized, this project will allow the Government to fix the major works that will be executed in this five-year period.
The period of validity of the PPP contracts was established for a 30-year period, extendable for an additional ten years, in addition to the fact that state-owned banks may only finance up to 25% of the total works contracted through the PPP system.
Similarly, it provides that no PPP contract will be less than 15 million balboas, except for this measure contracts that are developed under the protection of municipalities.
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After passing the three debates in the National Assembly, President Cortizo sanctioned the law creating the Public-Private Association regime in Panama.
According to the Law that came into the hands of the Executive, companies that are delinquent in the payment of fines for breach of contracts, will have limitations to participate in these public concession model.
The removal of the disqualification from hiring natural and legal persons who have been sentenced for corruption is one of the most important changes made to the bill that creates the Public-Private Partnership Regime.
After the workers and union sectors rejected the bill creating the Public-Private Partnership Regime in Panama, the Assembly decided to suspend its discussion in the second debate.
Responding to the request to extend the period of consultations by a sector of the country, the plenary of the National Assembly suspended discussion of the second debate of Bill 12, which creates the Private Public Association Regime (APP) as a tool for the development of private sector investment, social and job creation, reported the government on August 27, 2019.
The National Assembly of Panama approved in first debate the bill establishing the Public-Private Partnership Regime.
On August 19, the Economy and Finance Commission approved in the first debate the project that seeks to regulate the contracts, generally long term, between the public and private sectors for the design, construction, repair, expansion, financing, operation, maintenance, administration and/or supply of projects and services such as roads, energy, telecommunications, public transportation, ports and water treatment, among others.
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