On February 6, President Ivan Duque put before Congress a bill needed to implement the National Development Plan 2018-2022. Congress, which is in extraordinary sessions, will have until May 6 to pass and introduce amendments to the bill. The National Development Plan is the formal and legal instrument that outlines the government’s objectives, allowing the subsequent evaluation of its administration. One of the topics included in the document is the Multiannual Investment Plan 2019-2022, by the recently passed Law on Public-Private Partnerships.
As previously noted, in terms of public projects, under the Plan state resources invested in such projects would account for 66.6% and those from private sources 33.4% of a total available amount of USD 353,127,500,000. The budget for the development of the projects will be split as follows: 47% for investments in the sectors of education, health, housing and social inclusion, and 10% for defense, justice and security. The digital transformation sector and that of science, technology and innovation will receive, respectively, 1.5% and 1.9% of total resources.
After the introduction of the bill, the boards of directors of the Senate and the House of Representatives will send the initiative to the third and fourth committees of both houses. At that point, those who will draft the bills will be designated in the committees and a date set for a joint session. Once passed by the committees, the bill will handed over for discussion to the Senate and House of Representatives.