Mexican Senate approves Public-Private Partnership Law

A Lastest News about Transportation and Storage in Mexico

Posted on: 30 Jan 2012

Summary
On Wednesday, December 14, the Mexican Senate approved and sent to President Calderon
for his final revision and approval a bill that hopefully encourage private investment in public
infrastructure projects. Since the beginning of his Administration President Calderon has been
very active in this critical aspect of Mexico’s economy, and in July 2007, announced the
National Infrastructure Plan for Mexico to boost Mexico’s economy, generate more public works
and create the needed infrastructure to upgrade Mexico’s communications and transportation
systems.
This new Public-Private Partnership Law (PPP Law) allows the government to enter into
infrastructure and service provision contracts with private companies for up to 40 years. The
Public-Private Partnership Law provides more legal certainty to private investors through an
equal distribution of risks, facilities access bank loans, and harmonizes existing state public partnership
models into one federal law. All investors will be allowed to participate in bidding
processes, except for some restricted sectors according to the existing Foreign Direct
Investment Law.

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Posted: 30 January 2012

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