Puerto Rico Ports Authority Executive Director Víctor Suárez said Tuesday the Federal Aviation Administration has been “rigorously evaluating” the proposed public-private partnership deal for the Luis Muñoz Marín International airport because “everything they express will become precedent.”
In about a week, the Federal Aviation Administration is expected to make its decision on the public-private partnership agreement through which the government of Puerto Rico would turn over the management of the Luis Muñoz Marín International Airport to Aerostar Airport Holdings for the next 40 years.
If the Puerto Rico government were to walk away from the public-private partnership that turns over the responsibility of managing and operating the Luis Muñoz Marín International Airport to Aerostar Holdings, it would have to compensate the consortium with as much as $8 million for its troubles, according to the 40-year lease agreement signed earlier this year.
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