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and Citi Infrastructure Investors, as well as Brazilian firm 3346 Companhia de Concessoes Rodoviarias (CCR), have withdrawn from the tender process.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

  • Strong bidding for key Mexican highway project
    July 1, 2013
    Bidding is strong for the contract to build and operate a key stretch of highway in Mexico in a project expected to cost some US$179 million. The Siglo XXI highway will be constructed in Morelos State in Mexico's Morelos state. The deal is for a 30 year concession for the 62km section of highway, which will connect Jantetelco with El Higuerón. The Spanish contractor Acciona is one of several firms preparing its bid for the project and the company is also interested in other Mexican infrastructure works, wit
    Read More
  • Tough time for tolls
    July 3, 2012
    Spain’s tough economic conditions have resulted in difficult times for the country’s private toll highway operators. A fall in revenue has combined with a tough financial situation to make it difficult to pay off debts. Spain’s Ministry of Public Works is offering potential help with a new viability plan for tolled highways. This would involve merging weak, loss-making highways with long concession contracts, with highways that are profitable. Several options meet this criteria but the sector considers the
    Read More
  • Puerto Rico infrastructure rebuild budget secured
    April 19, 2018
    Funding for major infrastructure rebuilding work in Puerto Rico has now been secured. The US Federal Emergency Management Agency (FEMA) has provided a budget of US$135 million, which will be used to repair roads and bridges in Puerto Rico that were damaged by hurricane Maria. This budget should be sufficient to pay for 90% of the work needed. However the source of the remaining 10% of the infrastructure repair budget has yet to be announced.
    Read More
  • Chile’s new urban highway link
    May 2, 2022
    Nestling in a valley beside the Andes mountain range, Santiago has a growing population and has suffered from increasingly heavy congestion in recent years, requiring a new urban road link for which safety has been set as a priority for drivers - *iRAP reports
    Read More

Highlighted Content