On Tuesday afternoon, the legislators gave a second reading to file 20.929 that reforms the General Law of Concessions for the Strengthening of Efficient Models between the Public and Private Sector for the Development of Public Works. The Law then became the initiative that opens a space for the asset optimization model and creates a pre-investment fund for the preparation of public-private partnerships (PPPs).
The project allows the association of the National Council of Concessions (CNC) with promoting institutions to position the country as an investment destination, by boosting the portfolio of projects at the international level, which encourages more competitive bidding processes.
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The reform creates the necessary conditions for the implementation of the infrastructure asset optimization model. This figure allows the State to generate new resources for public works, through the concession of existing projects.
This model would allow private investors to pay an initial amount for the right to operate the existing work, while taking responsibility for managing the improvement, operation, and maintenance of the work for a specified period.