Attorney general challenges Colombias concessions law

He claims that existing legislation prevents some people from participating in economic activities, maintains inequalities, stops access to property acquisition and is a threat to free competition.

At present, the average port terminal concession period in Colombia is for 20 years, with the possibility to extend this by at least another 20 years or more, depending on whether the concessionaire has been able to recover their initial investment or not.

However, constitutionally, these concession extensions effectively prevent the participation by other parties in port activities and are therefore not lawful. The attorney general only wants contract extensions to be granted in exceptional cases, when it can be shown that these are directly beneficial to the country.