New Paraguay govt to review PPP framework
Paraguay's upcoming government, which will take office on August 15, will review the frameworks for public-private partnerships (PPP) and turnkey contracts, following some failed tenders for major projects that took place during the current administration.
Former finance vice-minister Daniel Correa, now part of president-elect Mario Abdo's economic team, told daily Última Hora that the infrastructure projects that were tendered under the old framework didn't have the desired impact on the local economy, mainly because of issues with transparency, bureaucracy and the speed of the processes.
"Today, after five years (after the current framework was enacted), we're in conditions to see which are the lessons learned, but these instruments clearly could have had a bigger impact on investment," he said.
Correa clarified that Abdo's administration won't discard neither of the two models, as the president-elect aims to use all tools available to increase investment.
Some of the projects that the current government failed to get going through the PPP or turnkey contracts include:
Transchaco route rehabilitation: The US$450mn turnkey contract was discarded in 2016 following concerns of the finance ministry over the cost. A new tender for a US$560mn contract will be issued next year.
Silvio Pettirossi airport expansion: The tender for the US$149mn contract to expand and operate the country's main airport was launched as a PPP in 2015, but in 2017 the country's comptroller recommended voiding the process, arguing that the public works ministry (MOPC) had skipped the pre-qualification phase and favored an offer by Sacyr and Agunsa. The ministry appealed the decision before the supreme court, which hasn't issued a decision yet.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Infrastructure (Paraguay)
Southern Cone infra and water watch
BNamericas provides a roundup of infrastructure and water news from Chile, Paraguay and Uruguay.
Heatwaves turning into new climate risk for infrastructure
Record temperatures in Europe caused severe infrastructure damage, and experts warn that Latin America isn’t immune to this phenomenon.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Infrastructure (Paraguay)
Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Route PY 02 (Routes 2 and 7 widening)
- Current stage:
- Updated:
2 weeks ago
- Project: Paving of Route 6, Mbaracayú-Puerto Indio stretch
- Current stage:
- Updated:
7 months ago
- Project: Export highway corridor Natalio - Cedrales stretch, lot 2
- Current stage:
- Updated:
9 months ago
- Project: Export highway corridor Natalio-Cedrales stretch, lot 1
- Current stage:
- Updated:
9 months ago
- Project: Export Corridor, Section Natalio - Los Cedrales
- Current stage:
- Updated:
9 months ago
- Project: Export highway corridor Natalio - Los Cedrales stretch, lot 3
- Current stage:
- Updated:
1 month ago
- Project: Rehabilitation and Maintenance of Ruta de la Leche - Section 1
- Current stage:
- Updated:
12 months ago
- Project: Ñumi-San Juan Nepomuceno-Route 6 junction highway improvements
- Current stage:
- Updated:
12 months ago
- Project: Rehabilitation and Maintenance of the Milk Route - Section 3
- Current stage:
- Updated:
1 year ago
- Project: Lot 1 Villa del Rosario – Volendam (Habilitation and Maintenance of Agroindustrial Corridors)
- Current stage:
- Updated:
1 year ago
Other companies in: Infrastructure (Paraguay)
Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: CIE S.A.  (CIE)
-
CIE is a company of Paraguayan origin that is dedicated to producing and supplying metal-mechanic capital goods, as well as services for the energy, industrial and naval sectors...
- Company: Consorcio DR Costanera
-
Consorcio D-R Costanera is a society between the Argentinean construction company Benito Roggio e Hijos S.A. and the Paraguayan firm CDD Construcciones S.A. aimed at developing ...
- Company: Jauser Cargo Paraguay S.A.  (Jauser Paraguay)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Geolatina S.A.  (Grupo Geolatina)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Consorcio Boquerón
-
Consorcio Boquerón is a partnership formed by Constructora Isacio Vallejos SA and Engineering Of Topography And Roads SA for the implementation of the project Improvement of Nat...
- Company: Electropar Ingenieros Consultores S.R.L.  (Electropar Ingenieros Consultores)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Consorcio BETA Studio - Thetis
-
BETA Studio - Thetis Consortium is a partnership formed by Beta Studio SRL, and Thetis SpA for the implementation of the Ypacaraí Lake Sanitation Project, which is located in As...