Legal Framework

As part of the long-term measures adopted by the government to develop Colombia’s infrastructure, the country has undertaken certain material legal reforms which aim to promote public-private partnerships (PPPs), increase and diversify financing sources for infrastructure projects, and create a more attractive framework for foreign investors and lenders who take an interest in Colombia’s key assets. This chapter provides an overview of recent changes to the Colombian legal framework, in particular of the country’s PPP law, the recent infrastructure law and amendments to pension funds’ investment regime, among other areas of interest to international investors. This chapter includes an interview with Martín Acero, Partner and Co-Chairman, Philippi, Prietocarrizosa & Uría Colombia.