Reform to the Investment Law opens the door to IP in works such as Line 4

The reform of the State Law on Investment Projects and the Provision of Services it is not a tailor-made suit for the scheme to finance Line 4 of the electric trainalthough this could be the first work in which the legislation is applied, said deputy Gabriela Cárdenas Rodríguez.

At a work table held to present details of the proposal, the legislator stressed that They hope to make the requirements for the presentation of projects more flexible and consider the modality of co-investment schemes.

“It could be (the L4 the first project of its kind), the reform is not done only for the L4, which is a priority project for the State Government, especially due to the issue of federal resources that need to be lowered and need have the mechanisms”, he commented.

César de Anda, coordinator of the Consultative Council for Innovation, Growth and Sustainable Development (Coincydes), explained that this reform opens the participation of private initiative in key projects such as water supply, public works in municipalities and road maintenance.

“We see that a legal framework like this encourages private companies in co-investment with governments to remedy needs for works that cannot be covered only with public resources,” he argued.

The coordinator of the Hagamos caucus, Mara Robles Villaseñor, insisted that transparency and accountability mechanisms on how and on what money is spent are fine-tuned. The approach was supported by the owner of Coincydes.

The modification considers that the State and the municipalities, prior approval of Congress, may assign as a source of payment or guarantee their income derived from participation in taxes and federal income, contributions, products, uses, accessories or other concepts that may be affected, to compliance with the payment obligations arising from the contracts. At the point, the PRI deputy Hortensia Noroña questioned that the possibility of resorting to contracting more debt is left open.

JM

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