December 20 2011
A new law regulating public-private partnerships (PPPs) was approved on December 14 2011. This law is the result of several amendments to the project originally presented by President Felipe Calderón in November 2009 (for further details please see "On the threshold: Mexican PPP bill to boost investment opportunities").
The new legislation creates a clear and specific legal framework for PPPs, which will no longer be subject to the traditional public procurement laws. Many of its provisions will be particularly welcomed by projects and infrastructure stakeholders:
The Office of the President must enact implementing regulations for the law within one year of its publication in the Official Gazette. Publication is expected to take place in the next few weeks.
The approval of the law is a great step forward for infrastructure development in Mexico. It will allow the country to position itself as one of the most developed countries in public infrastructure over the coming years. This law should promote an increase in the building of infrastructure and, as a consequence, an increase of the placement of development capital certificates.
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