Hurricane Irma will have negative implications for the Puerto Rico Electric Power Authority’s liquidity and cause further delays to its debt restructuring plans, Moody’s Investors Services predicted in a report released Tuesday.
The Financial Oversight and Management Board for Puerto Rico announced Wednesday it will begin accepting proposals for projects that address critical infrastructure needs under Title V of the Puerto Rico Oversight, Management and Economic Stability Act.
The Executive Director of the Puerto Rico Electric Power Authority, Ricardo Ramos-Rodríguez, aired a laundry list of structural and operational problems plaguing the island’s main energy provider, while outlining plans to face the peak of this year’s hurricane season.
The Puerto Rico Infrastructure Financing Authority (AFI, as it is known by its initials in Spanish) and the General Contractors Association signed two collaboration agreements Thursday during the trade group’s infrastructure forum.
Liberty Puerto Rico is upholding its bet on Puerto Rico, despite ongoing economic turmoil, investing $91 million this year to expand its coverage area, make multiple improvements to its network and contribute to the island’s development, company President Naji Khoury said Monday.
The Public-Private Partnerships Association, a newly created organism that seeks to incentivize collaboration between the government and private sector on infrastructure projects, was formally unveiled Thursday.
The first project under “VíaDIGITAL,” a joint initiative between the Department of Transportation and Public Works (DTOP) and the Puerto Rico Telecommunications Regulatory Board was inaugurated Tuesday, through the installation of installation of high-speed fiber optic infrastructure that will benefit consumers, businesses and residences in Miramar, Santurce and parts of Río Piedras.
The Puerto Rico Chapter of the Associated General Contractors of America recently unveiled its proposal for the “Revitalization of vital infrastructure on the island."
Telecommunications provider Claro and Piloto 151 announced Thursday a partnership to provide Puerto Rico’s technological start-up community the infrastructure, mentoring and training needed for their growth, representatives for both companies confirmed.
U.S. Customs and Border Protection announced Wednesday the “Small-Scale Donation Proposal Process,” a more streamlined and simplified avenue for stakeholders interested in investing in and expediting small-scale, high impact border infrastructure, technology and other related improvements.
The Highways Authority will invest $254.6 million in federal funding on 53 road infrastructure projects that should be awarded in June 2016, agency Executive Director Carmen Villar announced Thursday during a meeting of the Associated General Contractors, Puerto Rico Chapter.
Telecommunications provider Claro de Puerto Rico will wrap up 2014 with a total of $100 million in capital investments in its fiber optic network, mobile infrastructure and application development — among other improvements — to be able to offer customers “the best cutting-edge technology” available, company President Enrique Ortiz de Montellano said Tuesday.
Puerto Rico Aqueduct and Sewer Authority Executive Director Alberto Lázaro announced today the start of “Zum,” a project through which the agency will use its infrastructure to deploy fiber-optic technology to make interconnecting the island to high-speed broadband a reality.
The Arecibo campus of the InterAmerican University of Puerto Rico recently opened its new, three-story, $4.5 million multi-purpose building to provide a place where students and faculty can gather to benefit from services and resources designed to help them further their academic and professional development, school officials said.
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