Americas > South America > Paraguay > Paraguay PPP bill is "privatization in disguise

Paraguay: Paraguay PPP bill is "privatization in disguise

2013/10/15

Representatives from Paraguay's congress of the people unit have filed a petition to the chief of congress asking that a bill to promote public-private partnerships (PPP) in public infrastructure be rejected, according to a congressional release.

The law, which was passed in the senate and is presently awaiting for congress to approve the modificaitons, aims to increase private investment in public infrastructure projects in the country by creating a streamlined legal system and allowing the national to determine where to take the money from to pay the private operator, which would speed up the process.

Those who oppose the bill claim it is "privatization in disguise."

"It's clear that currently national entities don't function. We shouldn't arrive at the extreme of privatization, but I think we need an injection of private capital into public companies," congressman Hugo Rubín was quoted as saying.

Paraguay's congress is set to discuss the bill within the coming weeks.

The congress of the people unit is a guild composed of some 200 unions, both private and public.

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