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Public Private Partnerships Regulatory Framework and CONTENT Project Portfolio 1. Challenges Towards a More Competitive Country January, 2018 2. Infrastructure needs in dnp.gov.co Colombia 3. PPP Law – Legal Framework 4. PPP Projects
1 Public Private Partnerships Regulatory Framework and CONTENT Project Portfolio Challenges January, 2018 Towards a More dnp.gov.co Competitive Country
Growth GDP (%) January 2018 2 4 6 8 0 -4 -2 India China Indonesia Iceland Ireland Costa Rica Luxembourg Slovak Republic Challenges Towards a More Competitive Country New Zealand Growth Dynamics Israel Sweden Spain Turkey Korea Australia Poland Czech Republic Mexico Colombia 1,7 Netherlands United Kingdom Slovenia Germany economy, with a growth above the average of these countries. OECD Countries Euro Area Chile Hungary Switzerland Austria United States Belgium France Canada Portugal Latvia Estonia Denmark Finland Italy Japan Norway South Africa Greece In 2017, Colombia was in the 37th place among OCDE and European Union countries due to the dynamics of its Russia Argentina Brazil Source: OCDE – Statistic Institute – The Economist
Growth Dynamics • Colombian economy is 54st worldwide and 4th in Latin America. • The public investment in Colombia in the period 2010-2016 has grown more than 61%, from 25.2 trillion pesos in 2010 to 40.6 trillion pesos in 2016. • Colombia had the third largest export in 2017 in the region. • Until November 2017 total exports were US$37,800 million FOB and total imports were US$ US$46,076 million CIF. • Colombia has trade agreements with more than 60 countries. Source : IMD WORLD COMPETITIVENESS CENTER Study economic of América Latina and Caribe –CEPAL 2015 STATEMENT OF NEWS PEOPLE April of 2017 International Trade – STATEMENT INFORMATIVE (DANE) Study of Standard and Poor's Challenges Towards a More Competitive Country January 2018
Growth Dynamics The growth dynamics of our country allowed the middle class to increase in the last decade. 60 50 49,7 47,9 47,4 Population Evolution (%) 45,0 42,0 40 40,3 39,3 40,2 37,2 38,2 37,0 36,8 37,2 34,3 34,3 35,2 34,4 34,4 35,6 34,1 32,5 32,7 30,6 30 30,5 30,5 30,9 29,6 28,5 28,1 27,8 27,0 26,5 24,8 23,2 21,7 20 18,1 16,3 16,4 16,8 10 1,7 1,9 2,1 2,4 2,4 2,4 2,6 2,8 2,4 1,9 1,5 1,4 1,5 0 2001 2003 2005 2007 2009 2011 2013 2015 2017 Years Poor Vulnerable Consolidated High Source: DANE, DNP, MCIT. Challenges Towards a More Competitive Country January 2018
Increase in Public Investment Economic growth allowed public investment to be multiplied by 6 in the last fifteen years. However, the investment budget 2015-2016 decreases 11%, explained by the lower resources of the Nation(16%)* 48 44,5 45,4 43 43,6 40,6 Public investment Investment (billion pesos) 38,1 National General Budget 38 11% was multiplied x6 32,9 33 from 2000 to 2015 28 24,7 25,2 23 21,4 18,1 18 15,0 13 12,6 11,5 10,6 11,2 8 9,0 7,6 3 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Years Source: DNP *the Impact of the fall in the price of oil affected the revenues of the National Government Challenges Towards a More Competitive Country January 2018
Public Investment The main investment sources have also grown in recent years. Investment Sources 2002-2019 $137,4 BILLIONS (COP) (Thousand million pesos) 286% Investment increased from 2002 to 2015 in 2019 Projected investment growth for 2015-2019: 19% Royalties- Includes only investment. 2012 - 2016 Budget allocations. 2002 - 2011. Includes Direct and Indirect Royalties (FNR). The term 2015-2016 does not include payment deferrals of 30% SGP. 2017-2018 PPI PND 2014-2018. 2002 - 2016 Final Distributions Subnational budget. 2015-2019 Constant rate growth of 1.13%. 2002-2014 Budget implementation NGB. 2002-2016 Final appropriations. The term 2016 does not include payment deferrals of $3 billion COP. 2017-2019 MGMP. 2002 -2011 Does not include FNR Source: STIP-DNP Challenges Towards a More Competitive Country January 2018
Public vs. Private Infrastructure Investment Type of Investment (billions of pesos) 4,06 3,33 2,86 2,42 2,23 2,27 2,40 2,13 2,17 2,04 1,48 1,19 1,17 0,83 0,64 0,45 2008 2009 2010 2011 2012 2013 2014 2015 Years Unsolicited Investment/GDP Public Investment/GDP The Private Infrastructure Investment significantly increased since 2014, simultaneously decreased the Public Infrastructure Investment and registered the lowest level in 2014 Source: Infralatm. Challenges Towards a More Competitive Country January 2018
The Public Resources are Insufficient Providing new infrastructure to meet all needs remains a pending task It is necessary to reconsider the usual models and use more efficient mechanisms, such as private investment. TIC 89% 11% • In some sectors private investment Investment Sectors Tansport 39% 61% represents a high percentage: TICs and Mines & Energy. Mines and Energy 54% 32% • This participation should be broadened in other sectors: Water & Sewage and Water and Sewage 10% 90% Transport. • And also extended to other sectors 0% 20% 40% 60% 80% 100% without this type of participation: Health, Investment (%) Education and Jails. Private Investment (% total investment) Public Investment (% total investment) Source: DNP, 2015 Challenges Towards a More Competitive Country January 2018
Concessions in the Past Comparing road concessions 1993-2010 Average fiscal cost of Average number of renegotiations Average time of additions concession renegotiations (constant USD, 2009) (years) 266,8 6,3 20,5 4,8 3,3 47,2 28,9 0,8 0,9 Colombia Peru Chile Colombia Peru Chile Colombia Peru Chile • The average cost of renegotiations is equivalent to 280% of the initial cost of the contract. • In 25 concessions assessed in Colombia, there have been 430 changes in contracts, with a fiscal cost of USD $56,000 billion and 131 additional years. Source: DNP estimations. Challenges Towards a More Competitive Country January 2018
Basic Advantages of the PPP Scheme PPP is addressed as a mechanism to achieve the competitiveness required by the country. Since the 80s, the country has structured several public-private concessions. However, the former scheme had serious problems that PPP Law improved: WHEN THE SERVICE IS NOT THE WE ONLY INVEST IN MATURE EXPECTED, IT WON´T BE PAID FOR PROJECTS PPPs facilitate the provision and Proper structuring of projects in terms maintenance of infrastructure within of studies, risk analysis, established parameters of availability socioeconomic assessment and and quality. justification of the type of contract CONSTRUCTION FINISHED ON TIME REALISTIC PRICES There are no advance payments. These start when the infrastructure is Additions are limited to 20% of the available, in accordance with the contract value (CAPEX and OPEX). compliance of service indicators. Challenges Towards a More Competitive Country January 2018
PPP Law in Colombia The country ranks first for its ability to develop PPP since the introduction of the Law according to Infrascope 2017 Ability to develop PPP Projects Colombia’s growth in the Ranking 80 Decree 063: 80 Law Decree Water and 1508 1467 70 75 Sewage 74 -------------- 60 70 50 Score 40 Score 65 30 20 60 61 59,6 10 0 55 55,3 Colombia Peru Uruguay Chile Mexico Honduras El Salvador Nicaragua Dominican Republic Brazil Jamaica Guatemala Costa Rica Venezuela Paraguay Panama Argentina Ecuador Trinidad & Tobago 50 46,5 45 2008 2010 2012 2014 2016 2018 Country Year Score Source: Infrascope 2017 Challenges Towards a More Competitive Country January 2018
Key findings– Infrascope 2017 Category findings Rank Country Score/ 100 *Score MATURE 1. Regulations =1 Chile 91 (80-100) DEVELOPED 2. Institutions =4 Jamaica 75 (60-79) MATURE 3. Maturity =1 Chile 90 (80-100) 4.Investment and business EMERGING =10 Mexico 57 climate (30-59) EMERGING 5. Financing 4 N/A 59 (30-59) 74 DEVELOPED Infrascope 2017 overall score =1 Chile (60-79) Only six countries (Chile, Colombia, Ecuador, Honduras, Jamaica and Mexico) align the screening and selection of PPP projects with priorities established in national infrastructure plans. Source: Evaluate the environment for public-private partnerships for Latin America and the Caribbean– Infrascope 2017 Challenges Towards a More Competitive Country January 2018
Colombia, Pioneer in Unsolicited Proposals The scheme for formulating unsolicited proposals has drawn the confidence of private companies, which have submitted more projects in Colombia than in other countries with this figure. 140 121 Anual Unsolicited Proposals 120 100 80 Average 60 48 40 20 18 20 2 0 Colombia China Republic of Chile South Africa Korea Country Source: DNP estimations. Challenges Towards a More Competitive Country January 2018
Timing: PPP Projects vs. Public Works PPP compared with public works structuring takes longer time, but construction time is shorter and incur in less overruns (15% - 50%)*. 80% 73% Total evaluated projects (%) 70% 60% 53,30% 50% 40% 33% 30% 22% 18% 20% 11,60% 10% 0% United Kinqdom Australia México Country overcharge (TPW) overcharge (APP) * Information based on data from the UK, Australia and Mexico - Reference Guide for PPP, World Bank and PPIAF Challenges Towards a More Competitive Country January 2018
2 Public Private Partnerships Regulatory Framework and CONTENT Project Portfolio Colombia’s January, 2018 dnp.gov.co Infrastructure Needs
What do we Need to Move Forward in the Transport Sector? COP$208 billions are needed for the Intermodal Transport Master Plan (PMTI), by 2035. Red PMMTI- 2035 Road network intervention COP $182 19.500 km billions Airport construction COP $16 billions 31 Airports Road network rehabilitation COP $10 billions 1.800 km Rating of the LPI COP $208 International (LPIi) 2016 Billions Position: 94 Capital Road Network 2015 Road Hired Similar to Countries like Municipality Road Project PNT Moldova, Togo and River Network Dominican Republic Source: DNP estimations. Colombia’s Infrastructure Needs January 2018
What do We Need to Move Forward in the Transport Sector? COP$8,8 billion are needed for the River Master Plan, by 2035 River projects River Master Plan Amazon River Basin COP $5,4 Billions River Network 4 Projects Total 24.725 km Orinoco River Basin COP $2,5 Billions 18.225 Navigable kilometers 4 Projects 5 River Basins Atrato River Basin COP $76,364 1% of the current cargo is 1 Project Millions carried by river Magdalena River Basin COP $407,914 The River Master Plan (2013- 3 Projects Millions 2015) seeks the development of 5 factors: COP $346,007 Pacific River Basin Infrastructure, Promotion, 1 Project Millions Operation, Financing and Objectives by 2035: Institutional development COP $8,8 Billions - Mobilize 5 million passengers -19 millions ton per year Source: Plan Maestro Fluvial Colombia 2015 Colombia’s Infrastructure Needs January 2018
What do we Need to Move Forward in the Energy Sector? COP$4,3 billions are required to achieve 100% coverage Access to Electricity The indicative electricity expansion plan (99,7% Urban – 85,7% Rural) Universal Coverage (100%) 20% Growth since 1995 Transmission and COP $4,3 distribution investment Billions 95.48% 96.7% 91.85% 87.38% 76.10% 445 Municipalities must attain the goals to close the gaps Source: DNP estimations. Colombia’s Infrastructure Needs January 2018
What do we Need to Move Forward in the Water Sector? Water Supply Coverage Water supply coverage – 91% 2030 (97% Urban – 73% Rural) - Universal Coverage (100%) 13th position in Latin - Reduction in water losses America Average coverage in - PWTP Latin America: 95% COP Investment $29,2 Billions 94% Urban Population 42% Rural Population ✓ Construction of treatment plants SAFE DRINKING WATER for drinking water. ✓ Investments aimed at reducing losses (30%) 43% Average water losses nationwide. ✓ Reducing urban-rural gap (Llano and Caribbean regions have the higher % of water losses) Source: DNP estimations. Colombia’s Infrastructure Needs January 2018
What do we Need to Move Forward in the Sewage Sector? % Urban domestic waste water treated 2030 Sewage coverage - Universal Sewage Coverage (91% Urban – 70% Rural) (100%) 12th position in Latin - Waste water Treatment (100%) America COP $14,2 Investment Only 36% of urban waste Billions water is treated 6th position in Latin ✓ Construction of waste water America treatment plants in Colombian basins ✓ Universal Sewage Coverage 100% Source: DNP estimations. Colombia’s Infrastructure Needs January 2018
What do we Need to Move Forward in the Sewage Sector? Percentage of municipalities in 2030 each department that dispose of their solid waste adequately • Universal Sewage Coverage (100%) • Clousure of gaps in urban and rural collection coverage Cleanliness coverage (97,8% Urban – 21,9% Rural) Investment $3,3 Billions 166 unauthorized disposal locations ✓ Target 20% utilization in NDP to 2018 17% used waste (of 11.6 million tons per year in ✓ Projects of energy generation the country) through waste Below countries in the U.E. More than 90% ✓ Regulate scheme of inclusion of (average used waste U.E. – Munitipalities recyclers to the scheme of the 67%) Between 60% and 90% service Municipalities Less than 60% Munitipalities Source : delaurbe Colombia’s Infrastructure Needs January 2018
What do we Need to Move Forward in the Housing Sector? 410.000 Family Subsidies for Social Interest Housing (VIS) COP $7,7 Delivered by Fonvivienda, Billions Colombia has a housing CCF and Caja Honor deficit of 3 million 138.000 Credits for financial COP Quantitative housing closure VIS $17,3 deficit: 9,4% (1,27 Credits of FNA and BECH Billions Million housing) 99.000 Credits for NO VIS COP Qualitative housing home buying $12,5 deficit: 15,3% (2,08 Credits of FNA and BECH Billions Million housing) Saving contributions of 240.000 households for financial closure COP $53 Include savings and severance Billions payments. Total deficit COP Quantitative deficit $90,5 Qualitative deficit Billions Abbreviations: CCF: Cajas de Compensación Familiar. Caja Honor: Caja Promotora de Vivienda Militar y de Policía. BECH: Bancos Especializados en Créditos Hipotecarios. FNA: Fondo Nacional del Ahorro. Colombia’s Infrastructure Needs January 2018
What do we Need to Move Forward in the Health Sector? Hospital beds (per 1000 people), international standard* 3,50 6 3,00 5 81.548 beds COP $30,09 2,50 To achive world 4 Global average: 3,3 billions*** 3 2,00 standard 1,61 2 1,50 1 1,00 0 0,50 - Norte de… Guainía Atlántico Vaupés Risaralda Nariño Valle del Cauca Bogotá D.C Cesar Casanare Tolima Bolívar Cauca Putumayo Boyacá Magdalena Santander Standardize (maintenance, upgrading COP $17,4 and expansion) of existing public network. Billions* Public hospitals: average age of 42 years and about 64% of PBI 2014 – 2015 estimated requirements COP $7,9 the built-up area has fallen into disrepair. ** for Billions Departments and districts define investment in Biennials Investment Plans: PBI 2016-2017. COP $55,4 *Source: World Health Statistics 2014 OMS Billions **Source. BID “Situación Hospitales Públicos Colombia 2013/14” Astorga, Cueto y Muñoz. *** MSPS Exercise: beds by thousand 2015 and estimated cost, DNP-DDS estimations - assuming 82 mts2, investment of USD$1.500/bed, according to the assumptions of the BID study. Colombia’s Infrastructure Needs January 2018
What do we Need to Move Forward in the Education Sector? Cities with more class deficits Total deficit: 51.134 classrooms 2030 Bógota 9.219 - Construction of 51,134 classrooms Medellín 3.618 (100% of the deficit) Cali 2.196 COP Investment $7,2 B/quilla 1.749 Billions 2018 C/gena 1.713 - By 2018 a classroom infrastructure 0 2.000 4.000 6.000 8.000 10.000 intervention is required to implement the “Complete School Day” program in 232 municipalities* The Government invested in the school infrastructure program: - Construction of 30.680 classrooms 2015: $623.370 Million pesos (60% of deficit) 2016: $350.000 Million pesos COP Investment $3,95 Finalized 2017: 7.892 classrooms will be Billions pending to complete the 30.693 plan charted by the Ministry of education Source Ministerio de Educación de Colombia *This estimate is made assuming the construction needed to ensure a standard of 37 students per classroom. Colombia’s Infrastructure Needs January 2018
What do we Need to Move Forward in Justice Infrastructure? Diagnosis and Projection of Capacity and Legal Status of the PPL1993-2019 Tousands of Peoble Deprived of liberty Condemned Trade Unions Capacity Overcrowding (%) Overcrowding (%) Prison quotas National Development Plan goal- To meet global COP $4,58 To completely overcome Reduce the prison overcrowding standards Billions overcrowding from 52.9% (2014) to 45.9% (2018) Source: Política Penitenciaria y Carcelaria en Colombia, Documento CONPES Colombia’s Infrastructure Needs January 2018
3 Public Private Partnerships Regulatory Framework and CONTENT Project Portfolio PPP Law – Legal January, 2018 dnp.gov.co Framework
PPP’s Legal and Regulatory Framework - Law 1508 / 2012 The law applies to all sectors in which the provision of infrastructure and its All Sectors related services are needed. Capacity & Seeks to attract long term investors with enough financial capacity, who will Commitment not only construct the infrastructure but also operate and maintain it. Service Payment Introduces the concept of payments linked to availability and level of service. Incentives for The law includes a regulatory regime applicable to unsolicited proposals, unsolicited Proposals involving the appropriate incentives for their development. Proper structuring The law reinforces the proper structuring of projects with regard to studies, risk analysis and includes the concept of value for money. Budgetary The law contains changes in the budgetary treatment regarding: future Treatment reserves for PPP national and territorial projects. Institutional The law clarifies the roles and functions of the entities participating in the PPP Organization project cycle. Information A data base to register the PPP Projects is created. (Managed by the NPD). Temporary The infrastructure reverts to the public sector at the end of the concession Contracts period. (30 years max) Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
PPP Key Issues BEFORE- LAWS 80/93 and 1150/07 NOW- LAW 1508/12 Advances were granted in concessions There are not advance payments Public Public Contrib Contrib . Constructio Operation and 30 Years . Constructio Operation and 30 Years n Maintenance n Maintenance The payment is made irrespective of compliance with the service Payment is made according to the performance of the service No maximum term Maximum term : 30 years Law 80/1993: Budget additions of maximum 50% Additions are limited to 20% of the contract value (CAPEX and Law 1150/2007: Maximum term additions of 60% OPEX) The payment was made for construction works The payments are linked to the services provided by the infrastructure The award process started with the opening of the bidding A stage for prequalification is permitted prior to the bidding process process There were no requirements to analyze the best way to implement The law requires to analyze and justify the way to implement the the project. project (PPP or Traditional Procurement) No difference was made between who financed and who The requirements are oriented to enabling: legal capacity, ability constructed. and experience in financial investment or project structuring and development The projects were not designed for financial and institutional It encourages the attraction of institutional and financial investors investors. Only public proposal projects were allowed They allow and encourage unsolicited bids (unsolicited proposals) Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Legal and Regulatory Framework - Contents of the PPP Law I. General Provisions 1. The law applies to all sectors– minimum 3. Limit to additions and extensions of contracts project investment: USD 1.7 million. with public budget– 20% 2. Maximum term including extensions– 30 years* 4. Nation payments subject to service availability II. Public proposal PPP III. Unsolicited Proposals PPP Public Idea: Private idea: Resources: Resources: Resources: Private and/or Public Private + max. 20-30% Public 100% Private Selection Process: Selection Process: Selection Process: Public Bidding Public Bidding Abbreviated selection IV. PPP Project’s common provisions 1. Project funds are managed through Special 3. Proper budget management to guarantee Purpose Vehicle. future payments. 2. Creation of a new database of PPP projects. 4. The infrastructure reverts to the public sector. * This term can be extended only if there is a previous favorable concept from CONPES Source: Law 1508 of 2012 Colombia’s Infrastructure Needs January 2018
Normative of Public Private Partnerships Law 1508/2012 Regulatory Decree 1082/15 Resolution DNP-3656 /2012 Agreement 038/16 It compiled decrees 1467 of 2012, 2043 Establishes parameters for the of 2012, 1610 of 2013, 1026 of 2014, evaluation of the PPP mechanism VIABILIZATION AND APPROVAL 1553 of 2014 and 63 of 2015 as a modality of project REQUIREMENTS OF INVESTMENT establishing specific dispositions execution. PROJECTS UNDER THE PPP SCHEME - related, among other aspects, with: ROYALTIES Investment projects that are • The nature of the bidders in Public Resolution 1464/16 formulated under the Public Private Private Partnership projects, Partnership scheme involving total or • The availability, service levels and The NPD will be responsible for a partial resources of the General System quality standards, filter in the pre-feasibility stage of of Royalties - SGR, can only be • The definition of public all PPP projects. The requirements submitted to the corresponding OCAD, contributions, and parameters to be complied once is obtained the previous • Public and Unsolicited proposals for by the public entities responsible concepts and approvals established in the development of projects, for the development of PPP Law 1508 of 2012 and its regulatory • The prequalification system, projects requested to the concept decrees, without prejudice to • Treatment of risks, provided for in article 206 of Law compliance with the general • Approvals of the projects and 1753 of 2015, particularly if it meets requirements for feasibility and • The implementation of Public the conditions that allow to infer approval of the General System of Private Partnerships in the drinking that could be developed under Royalties - GSR water and basic sanitation sector. PPP scheme. Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Articles of the National Development Plan - NDP 2014-2018 Art. 32: Other Financing Sources for Transport Systems. The Nation and its decentralized The co-financing of the entities may co-finance PPP Nation may be up to 70% projects. of the lowest value Capital contributions, in between the cash or in kind disbursements of public resources requested for the execution of the The Ministry of project and the Development of Urban Finance and Public Public Service Systems for Credit estimated value of the Passenger Transport or cost and financing of the some of its components or Will review project design, pre-build functional units and build activities. Compliance with what is They may not be used for established in paragraph 3 the purchase of vehicles or of article 26 of Law rolling stock (except for rail 1508/2012. transport projects). Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Articles of the National Development Plan - NDP 2014-2018 Art. 37: Amend Article 5 of Law 1508/12 Increase the development of PPP projects of public proposal by reducing the contributions of resources by the state entities Contributions in kind by the competent state entity of the national order • Entities will be able to deliver a • Territorial entities must identify public infrastructure (jail, • The entities may deliver their land for use in PPP projects and hospital, school, etc.) in poor property to contribute to the deliver them to national entities. conditions but with a strategic financial closure or decrease the location (areas of high valuation), • It is necessary to have the public contributions. regulation of the use of land at the so that a new infrastructure is constructed, operated and territorial level as a contribution to maintained in another location. the projects. Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Articles of the National Development Plan - NDP 2014-2018 Art. 38: Unsolicited proposals that require disbursement of public resources. Tool State entities may contribute up to 30% of the value of the estimated investment budget of the project, except for highway road projects where contributions can not exceed 20%. Project Promote and facilitate the use of unsolicited proposal PPP projects in other sectors than the road sector. Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Articles of the National Development Plan - NDP 2014-2018 Art. 206: Evaluation and prioritization of PPP projects Tool The NPD and planning offices will evaluate and prioritize PPP projects at an early stage to give impulse to those that are priority for the development of public infrastructure. Project Strengthen the role of the public sector in reviewing unsolicited proposals, moving from a validator role to one of the leaders in the process, ensuring that the main public interest is at the heart of the development of these Proposal. Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Law 1882 / 2018 Modifies procurement, infrastructure and APP standards Tender for public works Infraestructure projects PPP Strengthen transparency in To facilitate infrastructure projects, Strengthen the viability of social, hiring, changes in the mainly archaeological and property urban and territorial entity PPP presentation of the offer and the acquisition. projects, as well as the procedure term to correct, implements It establishes the need to incorporate before the termination of “pliego tipo”, expressly allows infrastructure projects as reserved concession and PPP contracts as the experience among privates areas into land use plans of territorial a result of absolute nullity. The law parties and limits the entities. allows mixed economy responsibility of the financial Also, the permit for archaeological companies, public utility controller. In addition, the intervention is delivered to the head companies and industrial and responsibility of the advisors, of the contractor or concessionaire, commercial enterprises of the consultants and controllers is accompanied by the archaeologist State their participation as defined, according to the with the supervision of “Instituto suppliers or contractors in damages that are generated by Colombiano de Antropología e regulated processes under Law breach of the obligations Historia”. 1508/12 derived from their contract. Fuente: Ley 1882 de 2018 PPP Law – Legal Framework January 2018
PPP Basic Scheme State Agency Long-term contract based Disbursement of on service delivery public funds Private Investor Services Users Banking Resource Creditors Management Debt Capital Markets SPV Operating Stock revenue Shareholders Payments Construction Operating Construction O&M payments Agreement contract Operator Coordination Constructor Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Public Proposal PPP Project – Flowchart Conceptual Idea of the Project Application concept Assessment of Feasibility Studies Prefeasibility DNP: Project social and Previous Prioritization + development by PPP + economic issues + Concept - VBA * (Law 1753/15)* Positive Positive * According a new presidential regulation, With Public Resourses a previous concept has to be issued by Virgilio’s Technical, Financial and Financial reviewed by Barco Urban Renewal Legal Structuring Public development Agency in the case of Banks – Art 27 / 1508 Central First review Ministry of projects for government Finance then NPD administrative offices investment and public buildings. 1. Risk analysis – Ministry of Finance Subnational Public 2. Assessment of PPP option - NPD Entities 3. Financial and contractual clauses - Ministry of Finance First is reviewed by Ministry of Finance – * Res. 1464 of 2016 establishes the requirements and Without Central then the respective parameters that must be met by public entities to request Government the concept planning department Investment Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Public Proposal PPP Project - Flowchart 1. Risk analysis – Ministry of Finance 2. Assessment of PPP option - NPD 3. Financial and contractual clauses - Ministry of Finance Request of fiscal endorsement and approval of annual budget commitments Public Contract PPP CONFIS - Requires Public Decree 1082 Art. 2.2.2.1.11.6 Resources and 2.2.2.1.11.7. Does not Opening of the Requires Public bidding process Resources Opening of the PPP Royalties as agreed bidding process Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Unsolicited Proposals PPP Project - Flowchart THE ORIGINATOR HAS Competent entity must register the proposal in the RUAPP* BENEFITS ( 5 days after receiving the Presentation of proposal) the proposal Concept (Max. 3 Proposal Rejected (Pre-feasibility stage) months) Application concept DNP: Project development by PPP (Law 1753/15) Causes of rejected Favorable • Not enough public interest • It needs more public resources (>20-30%) Acceptance of Pre-feasibility • There are a current public work or a concession in and acceptance conditions. place. MHCP and NPD review and issue Project preparation, feasibility concept (PPP with Co-financing of the Nation ) or the planning unit of Project stage (Max. 24 months) rejected the territorial entity (PPP without Co- financing of the Nation) There is no commitmen Acquisition t of any kind of studies Proposal Assessment (6 months) with the (The agency in charge may need private complementary studies and must analyze Favorable investor them in an additional term of 3 months) Negotiation arrangements (2 months) Project rejected Favorable Acquisition Must have a public hearing to third parties and of studies *This requirement is the responsibility of public entity authorities within one month of the delivery of Proposal’s originator Feasibility studies. Source: Law 1508 of 2012 Relevant Public Entity PPP Law – Legal Framework January 2018
Unsolicited Proposals PPP Project - Flowchart THE ORIGINATOR HAS (National entities) Is presented to BENEFITS the Sectoral Ministry for review and concept of the Council of They must have the approval Ministers. of future appropriation, before (Territorial Order entities) Reviews the bidding process and emits concept of feasibility studies on a committee or advisory council of Order Max. 20-30% Favorable Public Bidding Public Resources (4 - 6 months) Additional Points 3% - 10% (according to the Source of amount of inversion) Negotiation arrangements (2 months) funds Agreement Publication 100% Private (Appendix included) Resources (1-6 months) Third party interested No third party concerned Projects with an estimated Abbreviated Selection Process budget of investment or Direct selection annual income are 70.000 (2 - 3 months) SMMLV. Proposal’s originator Right to improve for the Relevant Public entity originator (10 business days) Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
PPP Project Approvals in the Event of Requiring Public Resources of National Order APPLIES TO NATIONAL ORIENTATIONS REQUIRING FUTURE COMMITMENTS OF THE NATIONAL GENERAL BUDGET FOR THE EXECUTION OF PROJECTS UNDER APP SCHEME ANNUAL LIMIT OF AUTHORIZATIONS, SECTORS AND AMOUNTS 1 CONPES prior to the concept CONPES, prior to the CONFIS Ministry or institution head CONFIS of CONFIS, will define the concept, will define the sectors of sector maximum annual amount for to grant authorizations and their RESPONSIBLE FOR THE which authorizations may be annual distribution (It may be ADMINISTRATION OF THE granted to compromise the redefined up to 20% by CONFIS ANNUAL SECTORAL LIMIT 2 fiscal future commitments for without authorization from AND PRIORITIZATION OF CONPES the execution of APP projects CONPES). PROJECTS PREVIOUS CONCEPT OF AVAILABILITY IN THE SECTORAL QUOTE Implementing entity must request prior concept of availability before the Ministry or institution head of sector, to verify if the resources demanded by the project are located within the limits of the sectoral quote. REQUIREMENTS FOR THE APPLICATION OF FISCAL GUARANTEE AND AUTHORIZATION OF FUTURE COMMITMENTS The competent entity must submit to CONFIS: 1 4 Registry in the BPIN Communication of the Public Credit direction and National Treasury on financial conditions and contractual clauses. 2 Favorable concept of the Ministry or institution head of 5 sector on availability in the sectoral quote. Approvals or favorable concepts of valuation of contingent 3 obligations and CPP (Article 2.2.2.1.6.1, 2.2.2.1.6.2 and NPD Concept: Future Commitments (Art 26, Ley 1508/ 2012) 2.2.2.1.7.3 of Decree 1082 of 2015) Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
PPP Project Approvals in the Event of Requiring Public Resources of National Order GRANT OF TAXATION AND AUTHORIZATION OF FUTURE VIGENCES The CONFIS can grant fiscal guarantee of Future Commitments, consulting the fiscal consistency and the evaluation of the request of the budget contribution and provision of PPP projects public resources. See Art. 26 of the law 1508 of 2012 and Art. 2.2.2.1.2.2 of Decree 1082 of 2015 on the right to retribution for functional units. REPROGRAMMATIONS AND MODIFICATIONS TO THE FUTURE EFFECTS OF PPP PROJECTS Entities or institutions may apply to the CONFIS for reprogramming only when it is required to change the period initially approved and that does not imply changes to the total amount and annual distribution authorized. OTHERWISE, A NEW AUTHORIZATION OF FUTURE COMMITMENTS SHOULD BE REQUIRED TEMPORALITY TO COMPROMISE FUTURE COMMITMENTS FOR PPP PROJECTS The annual quotes authorized by CONFIS to assume commitments of fiscal future commitments not used on 31 December of the year in which the authorization is granted shall expire on that date, except for the specific cases determined by CONFIS. Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
PPP Project Approvals in the Event of Requiring Public Resources of National Order DEVELOPMENT REQUIREMENTS PRIVATE PUBLIC PARTNERSHIP PROJECTS REQUIRING DISBURSEMENTS OF PUBLIC RESOURCES IN TERRITORIAL ENTITIES (TE) Rules for the development of this type of projects: GENERAL DISPOSITIONS 1 5 Only Public Private Partnership The TE must identify the financing Contracts entered into under Law projects can be developed consistent source of the contract in such a 1508 of 2012 must be registered with the objectives of the territorial way that the current revenues with the Ministry of Finance and development plans. committed to its financing will be Public Credit and reported in the discounted from the current Single Territorial Formulary, STF, and 2 revenues used to calculate the The TE must prove compliance with in the Single Public Private the established expenditure and debt payment capacity indicators Partnership Registry, SPPPR. limits and contingent liability and established in Law 358/97. contingent liability requirements. 6 For the presentation of these Such contracts may not be projects to the Ministry of Finance 3 celebrated during the last year of and Public Credit, it will be The future revenues committed will government. necessary to have the financial affect the payment capacity defined validation of one of the public in Law 358/97 and the norms that 7 The future commitments that are entities of second floor or public modify and complement it . issued must comply with the current structuring. 4 regulations governing the subject When the project is financed from matter and the parameters set current revenues of free destination, forth in this article. they can not be considered as freely available under the terms of Law EXCEPTIONAL FUTURE COMMITMENTS FOR 617/00. TERRITORIAL ENTITIES Source: Law 1508 of 2012 PPP Law – Legal Framework January 2018
Exceptional Future Commitments for Territorial Entities In the territorial entities, the respective assemblies or councils, at the proposal of the local government, may authorize the assumption of obligations that affect future budgets without appropriation in the budget of the year in which the authorization is granted: 1 2 3 4 1 GENERAL DISPOSITIONS They can only be authorized for infrastructure, energy, communications The popular election corporation may not grant authorization if the projects are and social public expenditure projects not in the Investment Plan of the Development Plan or if the TE's borrowing in education, health, drinking water and capacity is exceeded. sanitation, registered and feasible in the respective project banks. It is forbidden the approval of any future commitments, in the last year of government (Governor or Mayor). 2 Future commitments should consult the The term of execution of any future commitments approved must be equal to multi-year goals of the Medium Term the term of execution of the project or expense object of the same. Fiscal Framework (article 50 of Law 819 of 2003). Projects must be previously declared of strategic importance by the Governing 3 Councils of the TEs. They must have previous approval of the territorial CONFIS or the institution Within the general strategic part of the current Development Plan of the TE, that does its times. reference should be made to the importance and impact of the project that transcends the governance lifetime. 4 In the case of projects involving national investment, the prior and favorable The definition of priority works and detailed engineering should be included in the concept of NPD should be obtained. technical studies. The content of the technical studies is defined in article 2 of decree 2767 of 2012 Consult Law 1483 of 2011 and Decree 2767 of 2012 PPP Law – Legal Framework Source: Law 1508 of 2012 January 2018
4 Public Private Partnerships Regulatory Framework and CONTENT Project Portfolio January, 2018 dnp.gov.co PPP Projects
Number of Projects by Public Entity 180 165 160 140 120 Projects 96 100 80 60 42 36 40 26 17 16 14 20 12 11 10 0 Agencia Alcaldía de Instituto de Departamento Transmilenio Instituto Alcaldía de Alcaldía de Alcaldía de Cali, Secretaría Instituto Distrital Nacional de Bogotá D.C. Infraestructura y Administrativo S.A. Nacional de Medellín, Cartagena, Valle del Cauca Distrital de de Recreación y Infraestructura - Concesiones de de la Defensoría Vías – INVIAS- Antioquia Bolívar Movilidad de Deporte -IDRD- ANI Cundinamarca - del Espacio Bogotá ICCU Público - DADEP- State organization competent By National Order : The entities with the most records in the RUAPP are: Agencia Nacional de Infraestructura (ANI) with 165 projects, Alcaldía Mayor de Bogotá with 96 and Instituto de Infraestructura y Concesiones de Cundinamarca with 41. Source : RUAPP - Cálculos DNP. PPP projects January 2018
Principal Locations PPP Projects Bucaramanga 10 Antioquia 10 Place of growth Cali 14 Barranquilla 16 Medellín 17 Cartagena 23 Cundinamarca 89 Colombia 122 Bogotá 229 0 50 100 150 200 250 Projects By geographical location: • Bogotá, Cartagena, Medellin, Barranquilla and Cali are the leading cities. • Cundinamarca is the leader department with 87 Source: DNP estimations. PPP projects projects in different Sectors. January 2018
Current Proposal in Bogotá Public Proposals Unsolicited Proposals Pre-feasibility Feasibility Roads, public parking, 4 Public parking 6 Hospitals (FDN/ Ministry of 29 Health) parks 2 Bogotá access 4 Urban Road (DNP/IDU) 2 Modals exchange center 1 Salitre park The DNP signed an agreement with the Mayoralty of Bogota (Alcaldía Mayor de Bogotá) to accompany the district entities during the evaluation of unsolicited proposals, promoting the development of their technical capacities, by transferring the technical knowledge developed within DNP in structuring and evaluating PPP projects and strengthening the institutional framework required for the management of this type of projects. PPP projects January 2018
4.1 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 dnp.gov.co Transport
4.1.1 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 dnp.gov.co 4G Program
Contract value First Group 4G Pioneers * (Billion of pesos Current status 2016) Awarded Girardot - Honda - Puerto Salgar 2.4 03/06/14 Awarded Mulaló – Loboguerrero 2.3 05/12/14 Perimetral de Oriente de Awarded 3.2 Cundinamarca 23/07/14 Cartagena - Barranquilla, Awarded 3.0 Circunvalar de la Prosperidad 02/07/14 Group I - Highways for Prosperity Awarded Autopista Conexión Norte 2.6 17/10/14 Awarded Autopista al Río Magdalena 2 2.6 22/10/14 Awarded Autopista Conexión Pacífico 1 3.2 15/09/14 Awarded Autopista Conexión Pacífico 2 2.6 11/09/14 Awarded Autopista Conexión Pacífico 3 3.5 10/09/14 First Group TOTAL 25.4 *All With Accredited Financial Closure Source: ANI, figures provided by the private sector in the financial closure or structuring data when the project does not have financial closure PPP projects January 2018
Contract value Second Group 4G Group II – Highways for Prosperity (Billion of pesos Current status 2016) Awarded Autopista al Mar 1* 3.4 03/09/15 Awarded Autopista al Mar 2* 3 25/10/15 Awarded Santana - Neiva* 3.8 18/08/15 Awarded Rumichaca – Pasto* 3 24/07/15 Awarded Popayán - S/der de Quilichao* 2.1 11/08/15 Awarded Transversal del Sisga* 1.4 28/08/15 Awarded Villavicencio – Yopal* 4.1 23/07/15 Awarded P/ta de Hierro - Palmar 1.4 03/07/15 Awarded B/manga- B/meja - Yondó* 3 21/08/15 TOTAL 25.2 *With Financial Closure Second Source: ANI, figures provided by the private sector in the financial closure or structuring data when the project does not have financial Group closure PPP projects January 2018
Third Group 4G Contract Value Current Status Adaptation Fund (Billions of pesos 2016) Awarded* Bucaramanga – Pamplona* 1.6 22/04/2016 Awarded Pamplona - Cúcuta 2.2 19/04/2017 TOTAL 3.8 *With Financial Closure Public Proposal, CAPEX* (COP With Public Resources (Project in Millions) review ) Barbosa – Los Curos 1.100.000 Ocaña - Cúcuta 1.400.000 Duitama - Pamplona 700.000 Sogamoso – Maní 700.000 Mariquita – Chinchiná 600.000 Zipaquirá – Bucaramanga 900.000 Pasto - Mojarras 700.000 Mojarras - Popayán 2.700.000 Total 8.800.000 *Estimated data Source: ANI, figures provided by the private sector in the financial closure or structuring data when the project does not have financial PPP projects closure January 2018
Unsolicited Proposals Contract value (Billion Name Current status of pesos 2016) Awarded IP Ibagué – Cajamarca* 2.52 15/01/2015 Awarded IP Malla Vial del Meta 3.78 09/04/2015 IP Chirajará – Fundadores / Awarded 6.58 23/04/2015 Bogotá Villavicencio* IP Departamentos del Cesar Awarded 1.95 19/05/2015 y la Guajira* Awarded IP Cambao – Manizales 1.58 19/05/2015 Awarded IP Vías del NUS* 3.23 01/12/2015 Awarded IP Neiva – Girardot* 2.32 15/09/2015 Awarded IP Antioquia – Bolívar* 3.35 17/09/2015 *With Financial Closure Awarded IP Buga – Buenaventura 3.24 19/05/2016 Awarded IP accesos norte a la ciudad 1.42 22/07/2016 de Bogotá D.C. IP Tercer Carril Bogotá Awarded 4.74 18/08/2016 Source: ANI, figures provided by the private sector in the financial Girardot closure or structuring data when the project does not have financial TOTAL 34.71 closure PPP projects January 2018
4.1.2 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 dnp.gov.co Toll Stations
Toll Stations Descriptions •Term: < 2 years • Equip, operate and maintain toll stations, service centers and carry out the collection service of toll rates. Adequacy of the Infrastructure for the implementation of Traffic Electronic Control Equipment. Proposals Contract Value Current Status Awarded Public 152.523 June 2016 PPP projects January 2018
4.1.3 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 dnp.gov.co Fluvial Projects
Magdalena’s River Navigation Recovery Descriptions Canal de Aproximación Between Bocas de Ceniza- Puente Pumarejo Bocas de Ceniza km • Term: 10 years 22 • East Tajamar Reconstruction and Western Tajamar Repair, once as CF (INV study) • Extension to 210 meters wide between Bocas de Ceniza and 2 km upstream Puente Pumarejo K0 CAPEX* (COP Current Start date Proposal Millions) Status bidding process* Public $ 914.380 Feasibility June 2018 Source : Cormagdalena *Data, to be defined in the structuring process PPP projects January 2018
4.1.4 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 dnp.gov.co Airports
Airports Proposals Airports CAPEX* (COP Millions) Current Status Start date bidder process* International Airport of Awarded 287.324** **Financial Closure Public Matecaña Pereira*** Nov-16 Airport El Dorado II 1.400.000 Feasibility June 2018 Gustavo Rojas Pinilla, San Andrés, y El Embrujo de 300.000 Pre- feasibility June 2018 Providencia Unsolicited Airport Cartagena 320.000 Approval Process May1208 Awarded Airport Ernesto Cortissoz 532.250** **Financial Closure Dec-14 TOTAL 2.839.574 *Data, to be defined in the structuring process ** Contract value(Million of pesos) *** PPP Airport El Edén de Armenia y Benito Salas Vargas de Neiva is found declared as desert PPP projects January 2018 www.dnp.gov.
4.1.5 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 Mass and dnp.gov.co Strategic Transit
Ring Roads and City Accesses Road ALO Street 13 – Autopista Norte Descriptions In order to decongest the entrance and exit of Bogota, and to prevent further collapse, it is proposed the construction and rehabilitation of several kilometers inside and outside Bogota CAPEX* (COP Start date bidding Proposal Current Status Millions) process* Unsolicited 2.379.000 Pre-feasibility June 2019 *Data, to be defined in the structuring process Source : Agencia Nacional de Infraestructura (ANI) PPP projects January 2018
Mass and Strategic Transit Avenida Longitudinal de Occidente (ALO) Tramo Sur: Canoas –13 street Descriptions The main objective is to improve the access and departure by southwest and to prevent the collapse. • Construction of the driveway 19.5kms between Canoas and 13 Street • Construction 8kms (Phase I) • Rehabilitate the 11.5kms Between Canoas and Bosa Avenue (Phase II) • Bikeway path parallel to the road. Start date CAPEX* (Millions Current expression of Proposals of pesos) Status interest by third parties* Unsolicited 1.000.000 Feasibility July 2018 *Data, to be defined in the structuring process PPP projects January 2018
Mass and Strategic Transit North accesses Bogotá - Phase I Descriptions The phase 1 involves the part of the project outside Bogotá • Improvement of the existing road and the construction of the second road by the seventh street from the 245 to La Caro. Re localization of the toll. • Enlargement in two lanes in the west and east lane of the North highway between the street 245 and the. Andes toll Enlargement in one lane between the Andes toll and La Caro. • Construction of the double lane connecting Hatogrande or Chia variant, from the north highway to the Cajicá variant. Contract Value Proposal Current Status (Millions of pesos) Awarded Unsolicited 1.225.686 December 2016 *Estimated data PPP projects January 2018
Mass and Strategic Transit North accesses Bogotá - Phase II Descriptions Studies, design, construction, improvement, rehabilitation, environmental and property management, administration, operation and maintenance of Autopista Norte and carrera séptima, from 182th Street to 245th Street Start date CAPEX* Current expression of Proposals (Millions of Status interest by third pesos) parties* Unsolicited 1.500.000 Feasibility August 2018 *Data, to be defined in the structuring process PPP projects January 2018
Mass and Strategic Transit Transfer station- SETP Sincelejo Descriptions Improve the quality of life and bring the city to economic, social and technological development through the Strategic Public Transport System.The transfer station has two options (i) A building and a basemnet, or (ii) two buildings and two basements Start date CAPEX* (Millions Current Proposal bidder pesos) Status process* Public 50.000 Feasibility July 2018 *Data, to be defined in the structuring process PPP projects January 2018
Mass and Strategic Transit Transmilenio - 63 and 127 Street Descriptions To improve the current mobility conditions of the city of Avenida José Celestino Mutis (63 and 127 Street) , through the development of road infrastructure that includes exclusively mass transportation, private transportation and non-motorized modes. This would include: • New connections east-west between Bogota and the Region • Increase Transmilenio's core capacity • Innovative public policy scheme (private vehicle users pay for expressway use) CAPEX* (Millions Current Start date bidder Proposal Road pesos) Status process* 63 Street 2.000.000 Pre- Public 127 July 2018 2.000.000 feasibility Street TOTAL 4.000.000 *Data, to be defined in the structuring process PPP projects January 2018
Mass and Strategic Transit Tranvía de Barranquilla Descriptions Financing, design, construction, operation and maintenance of the Barranquilla Tram Rail Project that will be implemented starting in the race 51B with Street 3B (Puerto Colombia) continues for the race 51B to 93 Street (Barranquilla); take the street to the Race 46 93 and continues through the race 46 to 74 Street. The tram going to work with electric light, strengthened with solar energy, will be special for disabled people and will have 12 stations along the street 30. Start date CAPEX* Current Proposal bidder (Millions pesos) Status process* Unsolicited 1.400.000 Pre-feasibility May 2018 *Datos estimados, por definir en el proceso de estructuración PPP projects January 2018
Mass and Strategic Transit Other district projects in formulation Descriptions The district will finance with resources of the general system of royalties, That amount to 100 billion pesos, the studies and design of 10 vials projects 1.South Railway 2.Network railway of the North 3.Longitudinal avenue of the west (from soacha to boundaries with chia) 4.Canal Salitre y Negro river 5.Expanse of 80 street 6.Avenue Centenario 7.Avenue Av. San José́ (170 street) 8.Autonorte from Héroes to street 193 9.Avenue Boyacá from street 183 to (Chía) 10.Circunvalar of the east from exit to Llano to Av. Villavicencio Reference images Source: IDU Source: Instituto de Desarrollo Urbano PPP projects January 2018
4.2 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 dnp.gov.co Education
Education (Phase I) Descriptions Decrease the classrooms Descriptions deficit, expand coverage and start the “school day plan” through a PPP project that will carries out the construction, provision, operation, maintenance and provision of non pedagogical services. Deficit CAPEX* Start date Current Proposal Location Schools Converge of (Millions of bidding Status the ETC pesos) process* Barranquilla 8 52% $ 161,59 Feasibility Cartagena 5 50% $ 100,71 Public Medellín 15 15% $ 267,01 April 2018 Approval Soacha 8 69% $ 110,89 Process TOTAL 36 $ 640,19 *Data, to be defined in the structuring process PPP projects January 2018
Education (Phase II) Descriptions Descriptions Decrease the classrooms deficit, expand coverage and start the “school day plan” through an APP project that will carries out the construction, provision, operation, maintenance and provision of non-pedagogical services CAPEX* Start date Current Proposal Location Schools (Millions of bidding Status pesos) process* Ibagué 10 $ 144,00 Antioquia 24 $ 376,00 Public Feasibility March 2018 To be To be Bogotá defined defined TOTAL 34 $ 520,000 *Data, to be defined in the structuring process PPP projects January 2018 www.dnp.gov.
4.3 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 dnp.gov.co Culture
Culture Descriptions Cartagena Promote the strengthening of museums and the development of Villa del Rosario cultural programs with 8 National Museums, in Cartagena, Santa Fe de Antioquia, Villa de Leyva, Honda, Villa del Rosario, Popayán (2) and Ocaña Ocaña CAPEX* Start date Santa Fe de Antioquia Proposals (Millions Current Status bidding pesos) process* Villa de Leyva Approval Public 30.000 April 2018 Process Popayán Honda *Data, to be defined in the structuring process PPP projects January 2018
Galeón San José Descriptions Develop the scientific project for the recovery of the “Galeón San José”. The proposal has the highest scientific, technological and financial quality standars, required to the knowledge of the cultural heritage. CAPEX Start date Proposals (Millions Status bidding pesos) process* Approval Public - March 2018 Process *Data, to be defined in the structuring process PPP projects January 2018
4.4 Public Private Partnerships Regulatory Framework and Project Portfolio January, 2018 Water and dnp.gov.co Sewage
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