4 federal agencies grant $54.7M in funds for ongoing recovery efforts
November 5, 2018
The U.S. Department of Health and Human Services, the Department of Agriculture, the Defense Logistics Agency and U.S. Department of Commerce Minority Business Development Agency recently allocated $54.7 million in funds for Puerto Rico.
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Newly created company identified as buyer of former Sagrado parking lot
November 2, 2018
Santurce Ambulatory Surgical Center Holding, LLC has its office in Old San Juan, according to Puerto Rico State Department records.
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Former Sagrado Corazón Urban Train station parking lot sold for $3.3M
November 1, 2018
The lot known as Parcel B, Santurce Sur Ward was listed for $6.5 million but was sold for $3.3 million.
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P3 Authority opens call for RFQs to manage P.R.’s electric power system transformation
November 1, 2018
The P3 Authority and PREPA wish to enter into a public-private partnership with a private sector partner to deliver low-cost electricity to island customers.
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IEEFA: P.R. energy bill is ‘limp gesture’ toward true reform
October 29, 2018
The proposal is consistent with the Puerto Rico Electric Power Authority’s fiscal plan, which reduces the fossil fuel budget by $400 million to $500 million per year to bring the utility out of bankruptcy.
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U.S. Dept. of Labor to guide P.R.’s medical entities on workers’ compensation claims
October 29, 2018
When the nearly 15,000 federal employees have accidents at work, they depend on private medical providers to receive treatment and handle their claim.
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P3s draw market interest as gov’t launches more projects
October 25, 2018
The P3 offers a long-term concession for modernization, expansion and operation of passenger piers.
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FEMA awards $14.2M in recovery funds to PRASA
October 24, 2018
The funds come from FEMA’s Public Assistance Program, and are destined to cover the expenses PRASA has incurred to provide security services.
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Oversight Board certifies Commonwealth, UPR fiscal plans
October 24, 2018
The New Fiscal Plan for the Commonwealth of Puerto Rico has been updated to reflect more reliable revenue and expenditure data for Fiscal 2018.
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P.R. Treasury Dept. reports $883M in General Fund collections in September
October 23, 2018
The previous highest level was for September 2005 when revenues totaled $778.7 million, Treasury Secretary Teresita Fuentes said.
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P.R. creditor blasts Oversight Board’s ‘unrealistic Fiscal Plan’
October 12, 2018
This in turn will fall short of leading Puerto Rico “toward a more sustainable economic future,” the company stated.
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FEMA OKs another $35M+ for P.R. recovery and reconstruction efforts
October 11, 2018
The funds are available to Puerto Rico under FEMA’s Category B, or Emergency Protection Measures.
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U.S. district judge certifies class of P.R. residents suing PREPA for fuel overcharges
October 3, 2018
In the original lawsuit filed Feb. 24, 2015, the plaintiffs sought compensation for their estimated $1 billion losses in electricity overcharges.
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Rosselló signs executive orders to achieve savings, reorganize several agencies
October 3, 2018
Puerto Rico Gov. Ricardo Rosselló a pair of executive orders to achieve efficiencies in the Insurance Commissioners’ Office and the Office of the Commissioner of Financial Institutions, as well as other offices related to the agricultural industry.
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GAO report: Unreliable economic, limited labor data make P.R.’s situation difficult to assess
October 1, 2018
The U.S. General Accountability Office issued a report recommending that several U.S. agencies work to include Puerto Rico in more federal economic and labor data reporting, to make it easier to assess the commonwealth’s true problems.
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