Public-private partnership regulations on services and infrastructure provision: Looking at the reformulated model set by Law N° 20.410

Abstract

Public-private partnership through a public work concession contract has been the preferred way to renovate and expand communications networks –high roads, airports, highways, etc.– although it has been also applied in other areas, broadening its boundaries to public hospitals and jails concessions. This technique that has been useful since the 1990s to carry out a nationwide road construction plan is linked to a national economic development strategy that enhances international trade - without pressuring on the Treasury and controlling public debt. However, all these virtues have been overshadowed by criticism related to corruption and certain practices associated with renegotiation of such concession contracts that undermine economic efficiency. [...].