Puerto Rico highway attracting bids

An interesting development is being seen in Puerto Rico, with various financial institutions bargaining hard to win a key highway concession.
February 29, 2012 Read time: 1 min
An interesting development is being seen in Puerto Rico, with various financial institutions bargaining hard to win a key highway concession. 3347 Goldman Sachs and 3350 Morgan Stanley are both keen to win the PR-22 highway concession, which is one of the busiest in Puerto Rico and generated revenues of US$85.1 million in 2009.

The route is called the De Diego highway and the investment banks may make their final offers before the end of May 2011. The deals will be offered as partnerships. Goldman Sachs Infrastructure Partners will make its bids in conjunction with Albertis Infraestructuras and Morgan Stanley with 980 OHL Concesiones. However, the consortium Itinere Infraestructuras and Citi Infrastructure Investors, as well as Brazilian firm 3346 Companhia de Concessoes Rodoviarias (CCR), have withdrawn from the tender process.

For more information on companies in this article

Related Content

  • Emovis for Teodoro Moscoso bridge
    July 31, 2024

    Emovis, part of Abertis Mobility Services, has implemented a roadside solution for Puerto Rico’s Teodoro Moscoso Bridge, operated by Autopistas Metropolitanas de Puerto Rico.  

    The Emovis solution is maximising toll compliance through improved vehicle detection and identification systems. Emovis said that the deployment is part of a continued partnership with Autopistas Metropolitanas de Puerto Rico (Metropistas).  

    Read More
  • Brazil’s ANTT launches public consultation for NovaDutra extension
    March 18, 2016
    Brazil's national land transport agency ANTT has launched a public consultation concerning a proposed contract extension of 13 years for the NovaDutra highway concession held by CCR. The deal covers the Rodovia Presidente Dutra highway between Rio de Janeiro and Sao Paulo, according to a report by the Valor Economico newspaper. Consultations will run for 30 days until mid-April and include two sessions in Sao Paulo and Rio de Janeiro.
    Read More
  • Colombia sets out major strategy for highway investment
    January 19, 2015
    International interest is strong in Colombia’s infrastructure expansion. Five foreign firms are competing in the country’s 4G road tender process. Fomento de Construcciones y Contratas (FCC), Sinohydro, Sacyr, Tradeco and ICA are amongst the companies competing for 10 contracts worth some US$5.88 billion. The first project opening for tender on 19th May 2015 will be for the Puerta de Hierro-Carreto-Palmar de Varela and Carreto-Cruz del Viso routes. The final tender documents for the 10 projects are being pu
    Read More
  • Brazil's risky road business?
    March 1, 2012
    Questions are being asked in Brazil over the terms and conditions set on the tender for Rodoanel, a ring-road around Sao Paulo.
    Read More

Highlighted Content