Cabinet approves PPP framework

Thursday, April 14, 2011

Panama's cabinet council has approved a project which creates a public-private partnership (PPP) framework for infrastructure and services traditionally provided by the government.

Economy and finance (MEF) minister Alberto Vallarino submitted the proposal, according to a presidential release.

PPPs provides an another alternative for infrastructure and service provision and could be used for a large variety of projects including highways, ports and water treatment plants, Vallarino said.

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The private sector provides management and technical innovations which will result in better quality and efficiency at lower costs, the minister added.