Green light for public-private partnerships in Panama

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

President of Panama has approved the law that creates the Public-Private Partnership regime in Panama.

According to the law, the companies that delinquent in paying fines for breach of contracts will have limitations to participate in public concession model.

The period of validity of PPP contracts was established for a period of 30 years extendable for an additional time of ten years. In addition, state capital banks may only finance up to 25% of the total works contracted through the PPP system.

Share this update