The Economic Impact of Local Content Requirement
This document from Engineers Against Poverty discusses several actions that can be taken in order to enable local development through infrastructure projects. It discusses how to promote local content as a policy objective and what steps can be given forward to a practical implementation of local content in infrastructure projects.
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The Law provides that local preference not exceeding 10% may be granted to Rwanda companies or Rwandan nationals or bidders in reginal economic integration bodies member states.
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This decree aims to make efficient the subscription of the documents related to the economic right transfers to Bogota. Therefore, it rules that the following phases of this process, such as due notifications and compliance follow-up are now in charge of other agencies of the city.
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The purpose of this resolution is to regulate the procedure that leads to the voluntary cession of economic rights of the owners referred to in District Decree 580 of 2014 in favor of Bogota.
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This decree adopts measures that aim to improve the conditions of the transportation service provision and to decrease the implementation cost of the SITP. One of those measures is the creation of a special destination account whose funds will be used to accelerate the process of disintegration of vehicles previously used for public collective transportation. The owners of such vehicles are to transfer the economic rights of such vehicles to Bogota, in exchange for monetary consideration.
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This decree sets a very important precedent for the incorporation of SMEs and previous operators new PPP projects. As an example, the Decree imposes democratization as a fundamental principle of the new transportation system roll-out. Specifically, it indicates that all the actions of the SITP implementation should aim to encourage the participation of the highest possible number of current owners of public transportation vehicles and drivers, such as through new operation contracts.
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