Changes provided for in the Concessions Law will offer more legal certainty to companies

The Bill nº 7063/2017, which deals with the legal landmark for public-private concessions and partnerships (PPPs), entitled the General Concessions Law, consolidates in a single document the current rules of concessions, public-private partnerships and investment funds in infrastructure.

In order to ensure legal certainty for investors, the proposal establishes a maximum period for the Courts of Auditors to deliberate on the bidding notices and establishes the obligation of contractual provision of the granting authority’s response time for requesting economic-financial rebalancing.

In addition, there is the disciplining of the Expression of Interest (PMI) procedure and social and environmental sustainability will become part of the public service concession guidelines, so that feasibility studies and licensing for concession projects will have priority in the bodies. environmental

The report will be discussed and voted on in the special committee this Tuesday (11/26/2019), before attending the House of Representatives Plenary.

The Public Law and Regulatory Department of NHM Advogados will keep following up the developments of the matter and will be at your service to render any assistance related to the issue.