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and Citi Infrastructure Investors, as well as Brazilian firm 3346 Companhia de Concessoes Rodoviarias (CCR), have withdrawn from the tender process.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

  • Puerto Rico assures road maintenance funds
    February 13, 2012
    A budget of US$304 million will be used for road maintenance and repairs in Puerto Rico during 2011.
    Read More
  • €180 million for Bosnia highway
    July 6, 2012
    The EBRD is investing in the largest infrastructure project in Bosnia-Herzegovina (BiH) to date by lending €180 million to the state to construct key sections of the Trans-European Corridor Vc. A key transport artery linking BiH with the rest of Europe, Corridor Vc starts in Budapest, Hungary and ends in the Adriatic Port of Ploce in Croatia. It runs north to south through the centre of BiH, and is the most strategically important link for regional trade and economic development. The €180 million EBRD finan
    Read More
  • Infrastructure spending aids economic growth
    March 14, 2012
    AT THE TIME of year it is worth considering how strong the construction market will be towards the end of 2010 and on into 2011.
    Read More
  • Infrastructure spending aids economic growth
    February 21, 2012
    AT THE TIME of year it is worth considering how strong the construction market will be towards the end of 2010 and on into 2011. The build-up to the Bauma construction equipment exhibition in Munich, the world's largest exhibition, has helped fuel new product introductions from manufacturers, attracted contractors to visit the event and brought healthy interest to the construction sector as a whole.
    Read More

Highlighted Content