The Western Bypass construction in Mayagüez and nearby commercial developments have destroyed wetlands, altered hydrology, and worsened flooding in El Maní. #NewsismyBusiness
The Seguro Program aims to reduce the time drivers are exposed to dangerous situations when involved in incidents on the highways. #NewsismyBusiness
Government Development Bank President Melba Acosta announced Thursday the filing of legislation containing measures to improve the fiscal and financial situation of the Puerto Rico Highways and Transportation Authority.
The Puerto Rico Highway and Transportation Authority confirmed Wednesday that 30 local companies have been certified to participate in bids for federally funded highway and transportation projects, which will help “strengthen the economy and improve the quality of life.”
The Puerto Rico Highway and Transportation Authority will kick off next week a new ticket discount program for drivers who have used the “AutoExpreso” lane without the funds needed to cover the toll.
The Puerto Rico government’s economic team presented four measures to shore up $280 million for the Highway Authority, which is deep in the hole with the Government Development Bank, to which it owes $2.1 billion.
“In an economic context where Puerto Rico is experiencing a clear slowdown and where key sectors like construction are struggling to find workers, cutting the [Earned Income Tax Credit (EITC)] will discourage participation in the formal economy and hinder our economic growth.
In an environment where federal funds are decreasing, adding local austerity through EITC cuts could not only cause our labor force participation rate to drop again, but also force local businesses to absorb much of the reduction if they want to maintain the current incentives for formal employment and prevent part of their workforce from returning to the informal sector.”
— Daniel Santamaría-Ots, co-executive director, Espacios Abiertos
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