The present work aims to induce the reader to question the development of Public Private Partnerships framed in law 1508 of 2012 in Colombia, since, it is proposed the existence of a regulatory vacuum in the model adopted, compared to the extension of the Figure PPP (public private partnership) of an international nature. Using a Legal Descriptive methodology, with case analysis in the international experience, it seeks to mark a line of research that allows to think about the possible operation of the Institutional APP within the current Colombian Legal framework, supported by the international practice, and finally from an optic Criticizes the incomplete and uncontroversial regulation of PPPs for Colombia.