The Superintendency of Public-Private Partnerships (SAPP) has officially approved the Sanctions Regulation, marking a significant step in regulating and overseeing Public-Private Partnerships (PPPs) in Honduras.
Key highlights of the new regulation:
- Categorizes violations as minor, serious, and very serious.
- Establishes proportional financial penalties ranging from $1,500 to $25,000, depending on the type and severity of the violation.
- Reinforces principles of due process, impartiality, and reasonableness in sanction proceedings.
- Promotes transparency and efficiency in PPP project execution, ensuring strict oversight to protect public interests.
This regulation is now in effect following its publication in the Official Gazette, La Gaceta, on November 4, 2024.
If you’re part of a PPP or involved in infrastructure projects in Honduras, it’s crucial to understand this regulation to ensure compliance and avoid penalties.
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