Puerto Rico publishes PPP law
Puerto Rico has released the Proposed Regulations for the Procurement, Evaluation, Selection, Negotiation, and Award of Public-Private Partnership Contracts under Act No. 29-2009, as amended.
The PPP Law aims to facilitate the mechanics of PPPs in the country and expand opportunities for the private sector.
The law sets the mechanisms by which projects can be developed through public-private partnership. It also establishes the relative duration of ongoing contractual relations that allows the private partner to recover the investment and make a reasonable profit.
The law also establishes mechanisms for financing projects, either through private funds, or by bringing private and public funds together and distributing the risks based on the capacity of each part.
Country news
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March 29, 2017
Preferred bidder selected for Luis Muñoz Marin Airport sale
PSP Investments through AviAlliance has been selected as the preferred bidder for a 50% stake in Puerto Rico’s Luis Munoz Marin Airport.
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November 28, 2016
Oaktree looking to sell airport concession in Puerto Rico
Oaktree Capital, one of the two investors in Puerto Rico's largest airport, has announced it is looking to sell a stake in the airport concession. Read more -
August 10, 2016
Macquarie Infrastructure Partners III makes strategic investment in InSite Wireless Group, LLC
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May 17, 2016
Ambac files lawsuit against extension of Puerto Rico toll road
Ambac Financial Group, through its subsidiary Ambac Assurance Corporation, which provides financial guarantees and other financial services, has filed a lawsuit in response to the recently completed extension by the Puerto Rico Highways and Transportation Authority (PRHTA) of its concession agreement with the consortium Autopistas Metropolitanas de Puerto Rico LLC, which may cause US$115 million in value to be extracted and diverted from PRHTA. Read more -
April 21, 2016
Abertis reaches agreement on a ten-year extension to its toll road concessions in Puerto Rico
Metropistas, Abertis' subsidiary in Puerto Rico, has signed an agreement with the Puerto Rico Highways & Transportation Authority (PRHTA) whereby its concession contract for the PR-5 and PR-22 toll roads has been extended by 10 years. Read more
