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).
Elnuevodiario.com.ni reports that "...The deputy in the Sandinista party Jose Figueroa, a member of the Commission of Economy and Budget, said that this law will allow private investors to be able to receive compensation for their investments, which can be kind of tax incentive."
A value of more than $5 billion has been given to the investment projects that the Ortega administration intends to carry out through public, private and investment partnership deals.
Among the projects proposed by the Nicaraguan government and open to funding proposals are:
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.
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.
A publication by the CAF reviews the development of five projects implemented using the public-private partnership model for infrastructure investment in Latin America.
From the Presentation document by the Development Bank of Latin America (CAF):
In recent decades, many Latin American countries have launched public-private partnership projects for the construction, maintenance and operation of public infrastructure.