Ecuador presents platform for registering public-private partnership projects – 2024-07-23 07:59:11

2024-07-23 07:59:11

Ecuador launched the National PPP Registry to ensure transparency in Public-Private Partnership projects, integrating it into the international Sourse platform.

The Secretariat of Public Private Investments presented this July 2, 2024, the APP National Registry. This platform collects and delivers detailed information about the First seven PPP projects qualified in Ecuador the Interinstitutional Committee on Public-Private Partnerships.

The first seven qualified projects are: Multipurpose terminal of the commercial port of Esmeraldas; Pifo – Y de Baeza road corridor; Montecristi – Jipijapa – La Cadena road corridor; Loja – Catamayo road corridor; Bahia – Cojimíes road corridor; Ambato – Baños – Puyo road corridor and Manta – Quevedo road corridor.

The National APP Registry is integrated into Sourcewhich is an international platform developed with funding from Multilateral Banks and whose adaptation and application process was supported by the Program Euroclimate, by means of the German Agency GIZ.

Furthermore, this platform is recognized by the G7 economic forum and the G20, as it facilitates the development of infrastructure projects in line with the Sustainable Development Goals (SDGs), as well as with the principles of Quality Investment in Infrastructure of the G20 on a global scale.

Pablo CevallosSecretary of Public-Private Investments, described having the National APP Registry of Ecuador on a platform of international recognition as a fundamental pillar.

“We promote transparent PPP project management, now we will have control over the entire cycle. And we guarantee equal access to information on each project, involving developers from the early stages. A new strength that encourages investment in the country,” he said.

Today we launched the #NationalAPPRegistration and we contracted the structuring studies for the projects:

✅ Manta-Quevedo
✅ Pifo- And from Baeza
✅ Montecristi – The Chain

Newsletter 👉

Find out more in the following video 👇#TheNewEcuadorResolves 🇪🇨 pic.twitter.com/ihihImJvKj

— Secretariat of Public-Private Investments 🇪🇨 (@secretariaipp) July 3, 2024

For its part, Cedric Van RielProject Director of the Sustainable Infrastructure Development Foundation -SIF, developers of Sourcenoted that “Ecuador now has an effective technological solution to manage the construction of viable canals, which seek to take advantage of private sector financing for public infrastructure.”

The integration of Sorce in Ecuador was carried out with the support of the European Union and its Euroclima Program, through the German Society for International Cooperation (GIZ)and within the framework of the advisory mechanism on financing of the Nationally Determined Contribution – NDC.

Paola VasconiRegional Coordinator for Policies and Dialogues at GIZ, said that German cooperation has been working in Ecuador for several years. She pointed out that in the face of the challenges posed by climate change and the context of the global crisis, the development of sustainable infrastructure plays an important role. “We are pleased that Ecuador is aligned with our same objective.”

In addition, Cevallos announced that since June 2024 Ecuador holds the Presidency of the community of Source. This represents the 12 countries in the world that use the platform to manage PPP projects. “This represents an unparalleled opportunity for Ecuador and Source. We will be able to count on more allies to promote the exchange of good practices and support us in closing the gap of
“infrastructure on a global scale,” he said. Countries begin their integration with Source by means of an application. In addition, they must be financed through technical assistance provided by the Multilateral Development Banks and/or bilateral donors. During the presentation of the platform, the contract between the APP Investment Secretariat and the International Finance Corporation (IFC), part of the World Bank Group, was also delivered to carry out preliminary studies on some sections of roads: Manta-Quevedo, Pifo-Y de Baeza, Montecristi – La Cadena. The first studies will be delivered between August and November of this year. These do not represent any cost for the country and their progress will also be available in the APP National Registry, said the Secretariat.