The gradual abolition of price control, the creation of the PPP regulatory framework and greater flexibility in preferential interests in the housing market are the advances recognized by Panamanian businessmen in the first 100 days of the Cortizo era.
Feasibility studies for the application of a Public-Private Partnership in the construction and maintenance works of the border crossings of La Hachadura and El Poy, and in the intermediate enclosures of Metalío and Tejutla began to be elaborated.
FOMILENIO II and the consortium Unión de Personas Pasos Fronterizos (UDP Pasos Fronterizos) signed a contract this day to carry out a technical study to determine the feasibility of a possible Public-Private Partnership (PPP) project at border crossings and intermediate precincts, according to an official statement.
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.
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.
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.
In El Salvador, the contract for the financing, design, construction and operation of the San Oscar Arnulfo Romero y Galdámez International Airport Cargo Terminal is tendered under the Public-Private Partnership format.
The project contemplates two phases of development: Phase 1 consists of financing, design, expansion, construction, equipment, improvement of maintenance and operation of the existing Cargo Terminal.
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.
In Panama, the possibility of developing the Fourth Line of Electric Transmission is being analyzed under the parameters established by the Public-Private Association bill.
The public procurement process that was declared void at the beginning of the year was that the company winning the contest would have to make an investment with its resources to then operate the Fourth Line and thus recover the investment. The plan contemplated that it would later transfer the operations to Empresa de Transmisión Eléctrica (Etesa).
After months without progress being reported in the process, the Communications Commission of the Guatemalan Congress issued a favorable opinion to the bill to rehabilitate and operate the Escuintla-Puerto Quetzal Highway.
The procedure has been delayed by several months, as the dossier was submitted from 5 October 2018 and only on 6 August received a positive opinion from the Committee on Communications, Transport and Public Works.
For Panama's business sector, public-private partnerships are contracts that, if properly implemented, could promote the dynamism of the economy and at the same time diminish the fiscal pressure on the State budget.
The Chamber of Commerce, Industries and Agriculture of Panama has promoted since the beginning of the current government administration, a draft bill that creates the Public-Private Partnership Regime (PPP), given that this document would promote the development of the country, explained the business guild through a statement.
Guatemala, El Salvador and Costa Rica are the countries in the region with the best conditions to develop Public-Private Partnerships, followed by Honduras, Nicaragua and Panama.
The 2019 Infrascope index, which evaluates 23 indicators and 78 qualitative and quantitative sub-indicators in Public-Private Partnerships (PPP) in Latin America, is prepared by The Economist Intelligence Unit and has the financial backing of the Inter-American Development Bank (IDB).
Authorities in Guatemala verify the progress of the bill for the rehabilitation and operation of the Escuintla-Puerto Quetzal Highway, which was presented to Congress six months ago and have yet to make a statement.
Members of the National Council of Alliances for the Development of Economic Infrastructure (Conadie) attended the Congress of the Republic, with the objective of knowing the progress of the initiative of the project of public-private alliance, which was presented since October 5, 2018 and is in control of the Commission of Communications, Transport and Public Works.
A public-private partnership would be the most efficient option for modernizing Guatemala's La Aurora International Airport, which urgently requires a strong investment in infrastructure.
The consulting firm Deloitte Tetra Tech was hired to prepare feasibility studies, with the aim of establishing contract models that could be applied to modernize the Guatemalan air terminal.
The feasibility study for the creation of a PPP will be carried out in the project for the extension of the 43-kilometer stretch between the La Hachadura Border Crossing and the CA12 Road.
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