Adopted Decreto-Lei nº 63-2015 on Public-Private Partnerships
13 Nov 2015
On 13 November 2015, Cabo Verde adopted Decreto-Lei nº 63-2015 providing a framework governing public-private partnerships (PPPs). The Law aims to improve the efficiency and transparency of partnerships between public entities and private companies. It outlines the legal procedures and requirements for initiating, managing, and evaluating PPP projects in Cape Verde. It emphasizes the need for competitive bidding, risk assessment, and long-term financial viability. The law also assigns responsibilities to a specialized entity for monitoring and ensuring compliance with the established standards and procedures. Overall, the law aims to optimize the use of public resources, boost private sector involvement, and increase infrastructure development.
Before Decreto-Lei nº 63-2015, Cabo Verde had no unified, comprehensive framework specifically for PPPs, relying instead on various procurement laws and public sector regulations that did not fully address the nuances of PPPs. The introduction of Decreto-Lei nº 63-2015 marked a significant change by formalizing a process dedicated to PPPs, which included structured risk-sharing, mandatory competitive processes, and oversight mechanisms. This shift brought greater clarity and predictability for private investors, streamlined project approval, and created a more conducive environment for sustainable, large-scale infrastructure projects.
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