The selection of San Juan Cruise Port as operator was announced in August 2022. #NewsismyBusiness
Puerto Rico's government selected Metropistas for a 40-year, $2.85 billion P3 to upgrade and maintain the roads. #NewsismyBusiness
The contract, which is administered by the Central Office for Recovery, Reconstruction and Resiliency (COR3), was also extended to include hazard mitigation program services. #NewsismyBusiness
The three qualified respondents are based and/or have operations across the globe, including the United States, Europe, Asia, Latin America, and Puerto Rico.
Meanwhile, the P3 Authority revealed that the Puerto Rico Justice Department confirmed the legality of the government’s contract with LUMA Energy.
The agency was also evaluated for its role in efforts to position Puerto Rico as a “trustworthy and credible market,” and in increasing private sector investment in infrastructure.
The Public-Private Partnership Authority announced it will no longer seek a private-sector partner to optimize the Puerto Rico Aqueduct and Sewer Authority’s (PRASA) water consumption measurement system and the management of its commercial operation. This comes more than three years after the P3 Authority published a Request for Qualifications in June 2018 to identify of […]
The Puerto Rico Public-Private Partnerships Authority (P3) is seeking quotes from qualified financial, technical, and legal advisors to assist with the analysis of a potential P3 project related to the modernization of the digital infrastructure of the Puerto Rico Highways and Transportation Authority (HTA). According to the Request for Quotes documents for the project’s different […]
Puerto Rico’s P3 Authority unveiled two new projects that are in the evaluation phase, involving the island’s Treasury Department and government-run regional airports. During a presentation to the media, P3 Authority Executive Director Fermín Fontanés said the Treasury Department is seeking to modernize and optimize the agency’s collection processes, taxpayer services and its call center. […]
A lot of industry experts agree with the Puerto Rico government’s decision to halt granting the operation and maintenance of all island regional airports to a single administrator, that instead, the best option was to look at each airport’s development opportunities. Soon after this announcement, the administrator of the Puerto Rico Public-Private Partnerships Authority, Fermin […]
Gov. Pedro Pierluisi announced the creation of a steering committee to oversee the Public Private Partnership contract to run the Puerto Rico Electric Power Authority’s transmission and distribution granted to LUMA Energy. The steering committee was established in response to Executive Order 2021-012, which calls for overseeing and ensuring that the enactment of the contract […]
Puerto Rico Fast Ferries LLC, a company that has been providing supplemental services to the government’s Maritime Transportation Authority (MTA) for ferry connections between Puerto Rico, Vieques and Culebra, has filed a legal challenge against the recent 23-year public-private partnership concession granted to HMS Ferries Inc. to take over the operation. In a 56-page legal […]
The Puerto Rico Public-Private Partnership Authority, together with the Puerto Rico Electric Power Authority, issued a Request for Qualifications seeking companies interested in managing, operating, maintaining and decommissioning one or more of the utility’s base-load generation plants and gas turbine peaking plants across the island. This is the second P3 agreement that the government is […]
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2020/07/NIMB-Podcast-2020-Luma-Energy_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSIt has been a little more than a month since the Puerto Rico Public-Private Partnership Authority announced that LUMA Energy had been chosen to operate, maintain and modernize the Puerto Rico Electric Power Authority’s electricity transmission and distribution system for the next 15 years. Since […]
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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