A lot of industry experts agree with the Puerto Rico government’s decision to halt granting the operation and maintenance of all island regional airports to a single administrator, that instead, the best option was to look at each airport’s development opportunities. Soon after this announcement, the administrator of the Puerto Rico Public-Private Partnerships Authority, Fermin […]
When Ricardo Rosselló assumed the governorship on Jan. 2, 2017, he immediately signed an “Infrastructure Reform,” declaring a state of emergency regarding the island’s infrastructure and activated an expedited protocol for the development of projects. He also created an interagency group to coordinate said projects. At that time there was talk of the creation of […]
The Financial Oversight and Management Board for Puerto Rico (FOMB) has until Feb. 10 to present a Plan of Adjustment (POA), or at least a summary of the main terms thereof, to modify the central government’s debts with various groups of creditors. These debts include General Obligation bonds, bonds issued by the Public Buildings Authority, […]
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