U.S Transportation Secretary Raymond LaHood took a tour of some of Puerto Rico’s major infrastructure projects Tuesday, when Gov. Luis Fortuño outlined the $23 million in federal funds the island is spending on safety and airport development projects.
The job of modernizing the Luis Muñoz Marín International Airport so that it becomes a world-class international gateway that is profitable and attractive to travelers will require significant capital investments and networking — and will not happen overnight.
The cash offer submitted by Aerostar Airport Holdings — a consortium comprised of Grupo Aeroportuario del Sureste (ASUR) and Highstar Capital IV, L.P. — to run the Luis Muñoz Marín International Airport edged out its competitor’s proposal by just $48 million, Puerto Rico Public Private Partnership Authority Executive Director David Álvarez said Thursday.
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