Puerto Rico releases a list of P3 projects
The Government of Puerto Rico has released a list of P3 projects that will involve private finance and other additional projects under review.
This projects under the government P3 program will be consistent with the 10-year Fiscal Plan submitted by the Governor and approved by the Federal Oversight Management Board, established by the Puerto Rico Oversight, Management & Economic Stability Act of 2016 (PROMESA).
The Fiscal Plan contemplates infrastructure reform through P3 investments, which will lead to long term economic growth in Puerto Rico. Importantly, Title V of PROMESA provides the Government of Puerto Rico with the tools necessary to jumpstart P3 investments in key strategic and critical sectors such as energy, transportation, water, and ports, among others.
Omar J. Marrero, Executive Director of the Puerto Rico Public-Private Partnerships Authority said:
"We wish to highlight to all stakeholders in the P3 industry and other potential interested parties that the PROMESA Act has, as one of its core components, an infrastructure revitalization mandate from the United States Congress. We were prepared for the possible filing of the Government under Title III of PROMESA, and are planning for various contingencies. We have a very viable business plan to deliver projects, along with a proven positive track record in P3s. In this vein, Puerto Rico continues to move forward in its economic recovery, and our P3 program is an integral component of the overall growth strategy".
You can check the released list of projects here.
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