Senate approves new public-private partnership law

By a vote of 85-8, the Senate approved the Law on Public-Private Partnerships that had been proposed by the Executive last November and has been pending a vote since April.  The law modernizes the framework for so-called PPPs, whereby the private sector provides services under long term concessions that are normally considered to be public sector responsibilities, such as operating tollroads, ports, and municipal water systems. While Mexico has undertaken a large number of PPPs since the beginning of the Calderón government, participants have been looking for modernization of the legal framework.  The law now goes to the Chamber of Deputies. (Reforma 10/12)

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