CHANGE IN THE PROVISIONAL MEASURE OF PORTS INCLUDES CONCESSION CONTRACTS OF 50 YEARS

CHANGE IN THE PROVISIONAL MEASURE OF PORTS INCLUDES CONCESSION CONTRACTS OF 50 YEARS

 The deputies and senators who comprise the Commission formed to examine the Provisional Measure 595, or the “Provisional Measure of Ports”, approved last April 24th, the final report of the Provisional Measure. However, it were included some changes which still have to be considered by the Deputies and the Senate.

 Among the changes is the prediction that the future lease contracts have a duration of 25 years, renewable for the same period. There is a belief that the lease time that has been approved is excessive.

 Another change in the Provisional Measure was the leases signed before 1993, the year which began to force the current law sector. The current proposed text establishes that the contracts could be renewed once for up to five years. However, it was approved that the renewal will be executed for the same period in the contract, which in some cases is five but in others ten years.

 To avoid losing the validity, the Provisional Measure must be voted on until the May 16th in the plenary of the House of Deputies and Senate.