The American Road and Transportation Builders Association, an organization based in Washington representing 5,000 members in the transportation industry, named Abertis' Jordi Graells, “Private Sector Entrepreneur of the Year” for the group’s public private partnership division.
Metropistas, the consortium of companies that is now running PR-22 and PR-5, will use the public-private partnership agreement established with the government as the model to possibly secure similar deals in the U.S. mainland, company officials said Monday.
The list of suitors to take over the management of the Luis Muñoz Marín International Airport has been whittled down to six: Flughafen Zürich, PSP, CCII, and IDC; Fraport and Goldman Sachs; GMR Infrastructure and Incheon Airport; Grupo; Aeroportuario del Sureste and Highstar Capital; Grupo Aeropuertos Avance; and. Puerto Rico Gateway Group.
Autopistas Metropolitanas de Puerto Rico, the consortium the government selected in June to assume the management, maintenance and operation of PR-22 and PR-5, will take the driver’s seat today, vowing to turn the heavily transited toll highways into world-class roads.
The Public-Private Partnership Authority announced Tuesday it received requests for qualification bids from 12 global companies that are interested in managing the Luis Muñoz Marín International Airport in tandem with the government.
Companies interested in pursuing the management contract for the Luis Muñoz Marín International Airport in Carolina have until Aug. 8 to submit their requests for qualifications to participate in the bidding process.
Over the next three years, two Puerto Rico highways will undergo a $56 million facelift en route to becoming world-class roads, so said the new private-sector consortium of Goldman Sachs Infrastructure Partners/Abertis, upon signing a 40-year management contract with the government at La Fortaleza Monday.
Saying the private sector is as responsible as the government for ensuring that transportation infrastructure is in good shape, Orlando Gotay, the highest-ranked Puerto Rican in the U.S. Department of Transportation, urged “more action and participation” from them, as well as regular citizens, in the decision-making process to address Puerto Rico’s present and future needs.
The Gov. Luis Fortuño administration announced Monday its decision to turn over the management and upkeep of two island highways, PR-22 and PR-5, to the consortium of Goldman Sachs and Abertis, through a 40-year contract worth more than $1.4 billion.
Following a lengthy evaluation process, the government will announce Monday the winner of the concession to manage one of the island’s principal highways, and a secondary road, Puerto Rico Public-Private Partnerships Authority Executive Director David Álvarez told a small group of journalists Thursday.
The Puerto Rico Public-Private Partnerships Authority has confirmed Goldman Sachs and Morgan Stanley were the front-runners to bid for the privatization project of PR-22, the 52-mile stretch of highway that runs from San Juan to Arecibo, a week after word got out that the New York-based investment banking firms were jockeying for the $1 billion contract.
The Gov. Luis Fortuño administration’s efforts to privatize the Luis Muñoz Marín International Airport seems to be moving forward as American Airlines, the facility’s largest carrier tenant, recently agreed to sign off on the plan, The Wall Street Journal reported.
New York-based investment banking firms Goldman Sachs and Morgan Stanley are apparently dueling over the $1 billion privatization project of PR-22, the 52-mile stretch of highway that runs from San Juan to Arecibo.
In about a year, the Luis Muñoz Marín International Airport in Carolina should be in the hands of a private operator, as per an updated timeline of the process that David Álvarez, executive director of the Puerto Rico Public-Private Partnerships Authority, presented to island investors last week.
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