As established in Law 1508 of 2012 (the "PPP Law"), public-private partnerships ("PPPs") in Colombia may be either public or private initiatives.
Public initiative PPPs follow the process determined in the PPP Law and the General Statute of Public Procurement. The contractors’ selection may use the prequalification system by public bids and the establishment of a limited group of bidders to participate in the selection process.
On the other hand, private initiative PPPs are those structured on behalf and at the risk of individuals for the provision of services, so that they are submitted to the competent entities for evaluation.
Private initiatives PPPs are a way of contributing to the development of infrastructure projects in which the public entity is associated with the private one, to facilitate their realization. In this type of initiative, it is the private party that invests in exchange for the right of economic exploitation of the infrastructure and/or service.
The megaproject for the Second Line Tunnel is a PPP of private initiative that is in the evaluation phase before the National Infrastructure Agency ("ANI"). The initiative was submitted by the China Harbour Engineering Company Colombia branch, the Chinese company awarded the Bogotá Metro project.
Stage/Phase
More than two (2) years ago, the structuring of the private initiative PPP began, through the presentation of the pre-feasibility studies that were approved by ANI. Subsequently, the structuring continued in the feasibility phase, which was delivered last June 1st to this entity. The project is currently in the evaluation phase by ANI. ANI, through an external advisor, will verify, for a period of approximately six (6) to nine (9) months, whether the private initiative is indeed profitable and viable. Based on the results of such verification, the National Planning Department (Departamento Nacional de Planeación), the Ministry of Transportation (Ministerio de Transporte), and the Ministry of Finance (Ministerio de Hacienda) will evaluate whether the project is profitable in the long term. Relevant aspects
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