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.
This three projects are part of a total of six PPPs announced by the government to modernize and diversify power generation and transmission; transform the quality of life of the public university system; fix parkings; and to improve and expand the island’s maritime transportation system in Puerto Rico. The projects will involve a potential investment of between US$300 million to US$400 million.
As for maritime transportation, the government is looking to create a P3 for ferry service in Cataño, Vieques and Culebra, and a possible new route from Roosevelt Roads in Ceiba that would be 31 percent shorter than the route between Fajardo and the island municipalities of Vieques and Culebra.
This project includes modern and technological ticket offices, service reliability, fewer government subsidies and increased support for the tourism industry.
To improve the quality of life in the University of Puerto Rico’s Mayagüez Campus, the Student Life Project was designed to finance 500 housing units with better facilities and pedestrian connection. In addition, the student center would be renewed and mixed-use buildings with commercial activity would be created.
In addition, the Parking Modernization Project includes the optimization of government facilities with a revenue profit-sharing method so that specialized entities manage and invest in their improvement. This project would reduce government spending in these facilities.
Governor Rosselló said:
“The P3 projects we are announcing today will create thousands of jobs while adding funds to the governmen
“In the situation in which we find ourselves after Hurricane María, the P3 tool allows us to modernize and transform Puerto Rico, with private capital as a spearhead given the government’s fiscal crisis.”
“The P3 projects we are announcing today will create thousands of jobs while adding funds to the government’s coffers and ensure lower costs for the government of Puerto Rico.”
You can have further information abut the RFQs in our business opportunities section.