Yesterday the UK Parliament voted against imposing a windfall tax on PPP contractors. The tax was proposed by a member of the Labour Party, and was supported by members of other parties and publicly backed by the UK's second largest trade union.
In the coming weeks, the President of Brazil, Michel Temer, is expected to sign a bill regulating the concessions made during the administration of former president Dilma Rousseff. The main clause in the bill will allow companies who take on an existing concession to pay off any outstanding debt.
The Romanian government has updated the country's legislation on public-private partnerships in an effort to attract strategic investments. The new regulation introduces the Value for Money concept and provides the necessary steps in assessing a project.
The government of Bhutan has published its PPP rules and regulations 2017 as it looks to boost investment in the country.
Lebanon’s government has ratified the country’s PPP law.
Sri Lanka's Cabinet has approved the establishment of a PPP Unit to replace the current unit within the Ministry of Finance and Mass Media.
Lithuania's Parliament has approved a new Concessions law which comes into power from 1st January 2018. The legislation, passed together with the adoption of the EU Directive 2014/23/EU, enables a wider and more flexible use of concessions. The new law aims to establish an adequate, balanced and flexible legal framework for the award of concessions that ensures equal and open access to the market to economic operators from across the European Union.
The House of Representatives of Nigeria has declared its intention to overhaul the laws on Public Private Partnership (PPP).
Italy has published the first amendment to the New Public Contracts Code in the Italian official Gazette.
Ireland's Ministry of State for Public Procurement has announced the signing of the Concessions Directive (2014/23/EU) into Irish law – SI 203 of 2017. This follows extensive engagement by Ministry with the European Commission and national stakeholders.
Puerto Rico has released the Proposed Regulations for the Procurement, Evaluation, Selection, Negotiation, and Award of Public-Private Partnership Contracts under Act No. 29-2009, as amended.
The Peruvian Ministry of Economy and Finance has passed an amendment to the Public-Private Partnership (PPP) Law Regulation (Decreto Legislativo N° 1251).
The government of Argentina has launched the law 27,328 on PPPs, an instrument aimed to attract and accelerate investments from the private sector.
The World Bank Group and the Government of Sudan has launched Sudan’s first Public-Private Partnership (PPP) initiative.
The Government of Mali has adopted a new PPP Law (Loi N°2016 - 016/ DU 30 Dec 2016 Relative aux Partenariats Public-Prive au Mali).
Sri Lanka is to setup a separate division for Public Private Partnerships (PPP) under the Treasury with experts to support and advice on PPP projects.
The Municipality of Angra dos Reis, located in the State of Rio de Janeiro, has published its law on public-private partnerships (PPPs).
The Monetary Board (MB) has announced that the additional 25 percent Single Borrowers’ Limit (SBL) available to banks and quasi-banks which can be tapped to finance Public-Private Partnership (PPP) projects has expired on 28 December 2016.
The State of Maranhão, Brasil, has enacted a new law on public-private partnerships (PPPs) and a new regulation on the Expresion of Interest procedure (EOI).
The Philippine Stock Exchange has issued the new listing and disclosure rules applicable to companies engaged in PPP projects, supporting the Philippines Government's efforts to sustain the country's economic growth through sustainable partnerships with the private sector for infrastructure development.