The Regulations for the new Law No. 32441, which governs the promotion of private investment through Public-Private Partnerships (PPPs) and Asset Projects, will boost, initially, 28 billion dollars in 88 projects during the 2026–2028 period, said the Ministry of Economy and Finance (MEF).
The Regulations for the new PPP Law published by the MEF, establish conditions to ensure the proper execution of investments, strengthen the governance of the Private Investment Promotion Agency (ProInversion), emphasized the minister of Economy and Finance, Denisse Miralles.
It also reduces the time required for preparing technical studies, and optimize the various phases of PPP projects by incorporating simplification measures, particularly regarding contractual modifications.
“This is a significant step toward realizing, within optimal timeframes, the strategic projects that the country needs to continue strengthening its productivity, competitiveness, and economic and social development. Public-Private Partnerships (PPPs) guarantee financing and ensure the operation and maintenance of infrastructure without impacting public finances,” emphasized the minister Miralles.
According to the Regulations, ProInversion will be responsible for prioritizing the National Government's PPP projects, coordinating closely with the relevant sectors. Based on this, the Ministry of Economy and Finance will issue a supreme decree identifying the prioritized projects.
The regulations also simplify the contract modification procedure by limiting the functions of the reviewing entities to their respective competencies, specifying that the economic and financial equilibrium of the contract is based on and evaluated marginally, and developing special provisions for contract modification.
These include interventions outside the concession area, additional investments below certain thresholds, and the signing of agreements that allow public entities, through the concessionaires, to address emergency situations.
ProInversion's portfolio for the 2026–2028 period comprises projects in key sectors such as transportation, sanitation, health, education, energy, tourism, and real estate.
By 2026, the portfolio includes 52 projects to be awarded, totaling over 15.1 billion dollars; by 2027, 25 projects totaling over 7.8 billion dollars; and by 2028, 11 projects totaling over 5.4 billion dollars.
Additionally, seven addenda are expected to be signed in 2026 for approximately 7.1 billion dollars. ProInversion also has a potential portfolio—to be incorporated later—of 11 projects totaling approximately 19.2 billion dollars, primarily consisting of railway and urban cable car projects.
The regulations implementing the new Public-Private Partnership (PPP) Law also establish a special contract modification procedure for renewals or extensions of terms, a relevant aspect considering that several concession contracts are nearing expiration.
Finally, the regulations specify clear and simplified rules for processing Asset Projects, correcting a limitation of the previous legislation that required applying PPP-specific rules, despite the substantial differences between the two modalities, particularly regarding risk allocation, which in Asset Projects is not transferred to the State.
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Published: 12/26/2025