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.

Congress has already given instructions to announce the law in the Guatemalan official newspaper and full details should be ready within four months.

"Guatemala could attract between $300 and $400 million worth of investments," stated Juan Carlos Paiz from the country's "National Competitiveness Program" (Pronacom). The law will mean that local authorities can contract infrastructure works, as well as central government.

More on this topic

Investment Projects in Guatemala

July 2012

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.

Of the most ambitious projects planned is the construction of a four lane road along the Guatemalan Pacific coastline, which includes the construction of two bridges.

Guatemala: Council of Mixed Investment Initiates Work

November 2011

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 Ley de Alianzas ("Public Partnerships") law will make it possible for the government to invest jointly with private companies in projects to build roads, shipping terminals, airports, power grid improvements and railways, for example.

Guatemala: Regulations on Partnership Law in January

October 2010

The new law, which should boost economic growth, will come into effect next year.

The President of the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif), Carlos Amador, said he hopes the new law will boost the Infrastructure Strategic Plan.

Guatemala Will Invite Bids for Mega Projects on 2011

May 2010

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”).

Passed on April 13, this law allows the state to entrust private operators with executing and administering large infrastructure projects. The State provides a regulatory framework and controls the execution of the project.

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