Question

Is the port required to put lease agreements out to public bid?

There are no regulations requiring a port to put leases for its properties out to bid. This applies to the leasing of both land and buildings that the port may own.

According to the guidelines for Executive Order No. 799 of June 24, 2011, prepared by the Ministry of the Interior back in 2004, unusually long-term leases may be subject to the provisions of the Executive Order, as such long-term leases must, in this context, be regarded as equivalent to the sale of the property. The guidelines state that leases of less than 50 years can hardly be considered unusual when it comes to commercial leases.