Plans to build a commuter train project connecting Caguas to San Juan, called Novotrén, have been derailed after years of development and interest from the private sector, Caguas Mayor William Miranda-Torres confirmed.
The Puerto Rico Public Private Partnership Authority recently announced the appointment of several advisory firms for key projects in the pipeline, namely, the commuter train from Caguas to San Juan, a new women’s correctional facility, a new men’s correctional facility, and the conversion to natural gas of the Puerto Rico Electric Power Authority plants.
KPMG LLP, one of the largest professional services companies in the world, has been tapped as the financial consultant for Novotren, the Caguas-San Juan commuter train project.
The Puerto Rico Public-Private Partnerships Authority board recently decided to move forward with the evaluation of four new construction priority projects, namely the commuter train from Caguas to San Juan, a new women’s correctional facility, a new men’s correctional facility, and the conversion to natural gas of the Puerto Rico Electric Power Authority power plants in San Juan and Palo Seco, government officials said Wednesday.
Interest in the Novotrén commuter train connecting Caguas to San Juan is apparently strong enough that more than half a dozen firms are waiting in the wings to participate in the bidding process for the project whose cost is estimated at $400 million.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA