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.

Mariano Rayo, president of the Economic Legislative Commission, explained that the law would allow the State to save resources that could then be used for social infrastructure, since large projects would be done via this new mechanism.

More on this topic

Tender Announced For New Airport in Guatemala

May 2013

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.

The aim of the construction of this airport is to relieve pressure on the air traffic in the terminal of La Aurora.

Guatemala: Development Alliances Law

August 2010

When the law comes into force, the country hopes to be able to attract infrastructure investments worth $400 million per year.

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 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.

Guatemala plans alliance for infrastructure projects

May 2008

Private-sector companies, both national and foreign, will be invited to participate in Guatemalan public-sector infrastructure projects under a bill published yesterday.

The bill aims to create a private-public "alliance for development" in which the private sector finances projects.

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