- Law 5074 regulates a type of public procurement for public infrastructure projects in which the bidder may design, construct, equip and finance a project. The ROP assumes the obligation to pay -and provides sovereign guaranty over such obligations- upon completion and delivery of an entire project or a complete and usable portion of a project (each, an “Hito”).
- Upon completion and delivery of an Hito, the ROP will issue a certificado de reconocimiento de obligación de pago- (the “CROPs”), which contain the unconditional and irrevocable obligation to pay, in United States of America Dollars, the value of the relevant Hito in a number of installments.
- The CROPs are issued with the sovereign guarantee of the ROP and constitute public-external debt of the ROP pursuant to the public-external debt definition of the ROP’s sovereign bonds offering memorandums.
The tendered USD 760 million will be divided into the 3 following projects:
Puerto Indio - Mbaracayú Strecht
|Road (60 km)||August||USD 80 million|
|Rout No. 12||Road (160 km)||October||USD 160 million|
|Second and third stage of the Bioceanic Corridor||Road (373 km)||November||USD 500 million|
Infrastructure Investment Framework in Paraguay
For more details regarding the legal framework of Law 5102/13 of Public Private Partnerships (PPP) and Law 5074, please follow this link.