Changes to the Regimes on the Use of Water Resources and Environmental Impact Assessment

Key aspects

• Eliminates the preemption right of the previous holder of the water resources license or concession.
• Adds the requirement that unforeseen additional investments which may justify the extension of the concession period “be necessary for the performance of the contract.”
• Extends the obligation to notify all potentially affected states about projects with a crossborder impact, not just European Union (“EU”) Member States.
• Tightens requirements for the waiver of environmental impact assessments (“EIA”) by ministerial order.
• Clarifies certain aspects of the schedules to the LREIA.