Nicaragua publishes PPP law in official diary

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Nicaragua publishes PPP law in official diary

The National Assembly of Nicaragua has published the bill on Public Private Partnership (PPP), which is aimed to regulate government involvement with the private sector in the formulation, contracting, financing, construction and operation of projects through PPP model.

The only exceptions to this law appear in the art. 105 of the Political Constitution of Nicaragua, stating that the sectors of health, education and social security are exempted.

The governing body of this Law will be the Ministry of Finance and Public Credit, through the Directorate General of Public Investments.

Recently, the plan "Policies and Development Projects to Enhance Investment 2017-2021" was announced. The plan included the development of projects such as: pacific coastal road, railways, irrigation system, ports, among others. The plan highlighted that a tender process for the private sector will be open every year.

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