The Puerto Rico Public-Private Partnerships Authority (PRP3), in collaboration with the Puerto Rico Electric Power Authority (PREPA), has launched the tender process for a private partner for a project that seeks to deploy a utility-scale energy storage system on the island.
Infrastructure/PPP news in Puerto Rico
The government of Puerto Rico has released three separate draft request for qualifications (RFQs) seeking interest from qualified firms for projects involving a parking modernization, student housing, and maritime services. The projects will be structured under PPP scheme.
The Puerto Rico Public-Private Partnerships Authority (PPPA) has issued a request for qualifications (RFQ) to update its list of qualified advisors.
PSP Investments, a Canadian pension investment managers, and Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR), have completed the acquisition of a 50% interest in Aerostar Airport Holdings LLC.
The Government of Puerto Rico has released a list of P3 projects that will involve private finance and other additional projects under review.
Puerto Rico has released the Proposed Regulations for the Procurement, Evaluation, Selection, Negotiation, and Award of Public-Private Partnership Contracts under Act No. 29-2009, as amended.
PSP Investments through AviAlliance has been selected as the preferred bidder for a 50% stake in Puerto Rico’s Luis Munoz Marin Airport.
Oaktree Capital, one of the two investors in Puerto Rico's largest airport, has announced it is looking to sell a stake in the airport concession.
InSite Wireless Group, LLC has announced that Macquarie Infrastructure Partners III (MIP III) has made strategic investment in the company. MIP III is a diversified, closed end fund that focuses on investments in infrastructure and related assets in the US and Canada, and is managed by an entity within the Macquarie Infrastructure and Real Assets division of the Macquarie Group.
Ambac Financial Group, through its subsidiary Ambac Assurance Corporation, which provides financial guarantees and other financial services, has filed a lawsuit in response to the recently completed extension by the Puerto Rico Highways and Transportation Authority (PRHTA) of its concession agreement with the consortium Autopistas Metropolitanas de Puerto Rico LLC, which may cause US$115 million in value to be extracted and diverted from PRHTA.
Metropistas, Abertis' subsidiary in Puerto Rico, has signed an agreement with the Puerto Rico Highways & Transportation Authority (PRHTA) whereby its concession contract for the PR-5 and PR-22 toll roads has been extended by 10 years.
The Puerto Rico Public-Private Partnerships Authority has started the process to develop a Public-Private Partnership (PPP) for the Puerto Rico Maritime Transportation Services Project.
The Port of Ponce Authority (PPA), a governing body of the Port of the Americas located in Ponce, Puerto Rico, has selected Portek International as the preferred bidder for the partial privatization of the port.
The Port of Ponce Authority (PPA),
The Port of Ponce Authority (PPA),
Puerto Rico's Local Redevelopment Authority for Roosevelt Roads (LRA) has published a Request for Proposals (RFP) to develop fuel storage facilities in Roosevelt Roads through a lease agreement.
Abertis has acquired 6% of the Autopistas Metropolitanas de Puerto Rico, LLC (Metropistas) from the investment funds managed by Goldman Sachs, GS Global Infrastructure Partners II L.P. and GS International Infrastructure Partners II L.P., for US $43.6 million (€32.2 million).
On December 27th 2013, the Puerto Rico Public-Private Partnerships Authority selected Quality Construction Services as a preferred bidder for the construction and conservation services of the El Pino school in Villalba.
The Puerto Rico Public-Private Partnerships Authority has released a Request for Qualifications for the construction and conservation services related to the second phase of the School Modernization Program in Puerto Rico, known as Escuelas de Primera.
The Puerto Rico Public-Private Partnerships Authority announced last week that the New Beginnings Juvenile Facility P3 Project, also known as "Nuevo Comienzo," will not proceed to the Request for Proposals stage.