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The Ministry Of National Assets Announces A New Tender Process Plan

Author:Mr Juan Mackenna and José Miguel Bustamante
Profession:Carey
 
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President Piñera's administration has announced the creation of a new initiative to promote investment and increase transparency in the adjudication processes of state-owned lands for the purpose of installing productive projects.

This is the twelfth version of the Tender Process Plan that the Ministry of National Assets ("Ministry") has issued. The main areas that will be promoted for land use are the following:

32% of the state-owned land will be used in industrial processes. 23% of the state-owned land will be used for tourism, environmental conservation and national heritage. 18% of the state-owned land will be used for commercial and residential purposes. 6% of the state-owned land will be used for the development of real estate projects. 4% of the state-owned land will be used for agricultural purposes. 17% of the state-owned land will be used in the development of non-conventional energy projects. The new Plan is expected to generate approximately USD51.2 million from the sale of the state-owned land and USD3.4 million annually from concessionary rents.

The adjudication of the state owned land will be the result of a Public Tender Process. This system will be the replacement of the direct assignment system...

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