Gov’t agencies, towns have until Mar. 31 to propose P3s

Written by  //  February 22, 2017  //  Government  //  No comments

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P3 Authority Executive Director Omar Marrero-Díaz.

The Public-Private Partnership Authority issued a reminder Tuesday to central government agencies and Puerto Rico mayors of the Mar. 31 deadline to submit their proposals for potential Public Private Partnerships for evaluation.

P3 Authority Executive Director Omar Marrero-Díaz said the purpose of the call for proposals is to “know first hand all of those functions, operations, installations or services with the potential to create agreements with the private sector as measures of economic development and fiscal responsibility.”

The project proposals will be included in an inventory of projects to evaluate suitability and benefits and to learn if it is advisable to create a P3. Likewise, the proposals will be placed in order of priority according to the island’s most urgent needs, he said.

To facilitate the delivery process, a table of potential projects was created “to include a summary of basic information on potential projects of their government entity and municipalities, which in turn is required for the initial evaluation by the P3 Authority. The table is a mechanism to ensure the uniformity of the information presented to the Authority,” Marrero-Díaz said.

The requested breakdown consists of the name of the project, objective of the alliance, description of the potential project, type of project, proposed alliance modality, protection and benefit to the public interest, estimated investment that it represents, estimated start date of project and contact person.

“Beyond knowing and establishing where we will go with each government agency and municipalities, we share these documents to take advantage of the historical juncture in which we are to create the best Puerto Rico we know is possible,” Marrero-Díaz added.

Once the submission period is up, the P3 Authority will publish the inventory of proposals, as per mandated by Law 29 of 2009, which was amended and signed during the first days of Gov. Ricardo Rosselló’s administration.

Through P3s, the government is looking to revitalize Puerto Rico’s infrastructure through partnerships with the private sector to develop new projects. The island’s government has completed a handful of P3s since the law was passed in 2009, but none between 2013 and 2016.

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