Work Detail |
Creation of a registry for the presentation of private initiatives for the concession of public works in Argentina, through Resolution 11/2025 published in the Official Gazette. This measure seeks to promote private investment in the development of infrastructure and public services. What is the Private Initiatives Base? It is a registry created by the National Government where projects submitted by individuals for the concession of works of public interest will be gathered. This base is derived from the Private Initiative Regime approved by Decree 713/2024 and modifies Law 17,520 on the Concession of Public Works. Main objectives: Greater legal security for investments: The aim is to create a clearer and more reliable legal framework to attract private investment in public works. Encouraging the presentation of private initiatives: Private individuals are encouraged to propose projects for the development of public works, infrastructure and services. Reduction of public spending: By delegating the execution and financing of works to the private sector, the aim is to reduce the burden on the National Treasury. How can Private Initiatives be presented? According to Decree 713/2024, private initiatives can be presented in two ways: By call: The competent authority (the National Executive Branch) issues a public call for projects in specific sectors or areas considered to be of public interest. No call for proposals: Any person may submit a private initiative, provided that they justify and justify the reasons of public interest that motivate the execution of the project. In this case, the financing must be completely private. What information will the Private Initiatives Database contain? Although the news does not detail exactly what information the database will contain, based on similar information from other registries and in the spirit of the measure (transparency and access to information), it can be inferred that it will contain, at a minimum, the following information on each project submitted: Person or company presenting the initiative. Submission date. Project name. Sector to which the project belongs (e.g. roads, energy, transport, etc.). Project description. Estimated investment amount. Stage of the process in which the project is located. Implications and benefits: Greater private sector participation in the development of infrastructure and public services is expected. The execution of public works could be expedited by having private financing. Greater efficiency and transparency in the management of concessions is sought. Innovation and the presentation of new ideas by the private sector are encouraged. In summary: The creation of the Private Initiatives Database represents a major change in the way public works are conceived and executed in Argentina. By opening the door to private investment and establishing a clear regulatory framework, the aim is to promote the development of infrastructure and services that benefit the community. The key will be in the correct implementation and transparency of the selection and awarding process of the projects. |