A Law on Public-Private Partnerships for Nicaragua

Problems related to lack of infrastructure such as roads, ports and airports could be solved if the bill on public-private partnerships being prepared by the government and the private sector is successful.

Friday, May 27, 2016

The Draft Law on Public Private Partnerships to be presented in the coming days by President Ortega was prepared in conjunction with private sector representatives, explained the president's economic adviser, Bayardo Arce.

The purpose of this bill is to start solving the problems of lack of infrastructure affecting the country and which is preventing it from achieving greater economic development. "... 'Much of our future is in infrastructure, we can not develop agribusiness any further, as it is more competitive if we do not grow in terms of infrastructure, this growth has already created enormous pressures, (...) there is pressure on ports, airports and highways ' " Arce said to Elnuevodiario.com.ni.

See: "Keys to Efficient Public-Private Partnerships"

The president of the Superior Council of Private Enterprise (COSEP), Joseph Adam Aguerri, "... explained that the bill is an effort that 'we have been developing for several months' and which has involved the Nicaraguan Chamber of Construction, ProNicaragua and the Government. According to Aguerri, the law will allow for investment to be made in the country and for transparent bidding processes to exist. "

More on this topic

Nicaragua: Law on Public-Private Partnerships Approved

October 2016

Infrastructure such as roads, ports and airports and utilities can now receive private investment.

The law was prepared by the Executive in conjunction with the private sector, represented by the Superior Council of Private Enterprise (COSEP). 

Public Private Partnerships in Nicaragua

December 2013

Businessmen are working to gain the passage of the law on Public Private Partnership during 2014.

Jose Adam Aguerri, president of the Superior Council of Private Enterprise (Cosep) said they are currently working on a process that will allow the adoption of the Law on Public-Private Partnerships that respond to the needs of the country's infrastructure.

Nicaraguan Businesses Demand More Investment Promotion

September 2013

They request a law that promotes public-private investment and to migrate the energy matrix towards cleaner and cheaper sources.

Both issues were requested by representatives of the Superior Council of Private Enterprise (Cosep) during a meeting with the mission of the International Monetary Fund (IMF).

Optimism Over New Port Law in Nicaragua

May 2013

The new General Law on Ports supports private investment in the development of national port infrastructure.

According to Joseph Adam Aguerri, president of the Superior Council of Private Enterprise (Cosep), the law will enable the sector to "contribute to the improvement of existing ports."

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