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and Citi Infrastructure Investors, as well as Brazilian firm 3346 Companhia de Concessoes Rodoviarias (CCR), have withdrawn from the tender process.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

  • Philippines to rethink Laguna Expressway highways work
    May 3, 2016
    The Philippines might separate a 47km six-lane road construction element from a complicated land reclamation and dike development contract recently shunned by preferred bidders. None of the three qualified bidders for the Laguna Lakeshore Expressway Dike public-private partnership deal submitted final bids for the contract. There were concerns over the legality of reclaiming 700 ha of land and whether investors could make money from it.
    Read More
  • Construction completion for Colombia concession contracts
    December 14, 2017
    Colombia’s massive road and highway development programme is still moving ahead, with a series of major concession projects due for completion by 2020. A consortium titled Via al Mar is on track to finish construction of the Cartagena-Barranquilla highway in August 2019, for which the company has a 25-year concession agreement. The tender process for the final stretches of the Ruta del Sol II highway will commence shortly.
    Read More
  • Colombia: Toyo Tunnel award to be made in September
    July 15, 2015
    The contract award for Columbia’s 9.75km Toyo Tunnel project will be made on September 28, according to Columbian media. The tunnel, costing almost US$760, will be part of a new 39km road between Santa Fe de Antioquia and Canasgordas. World Highways reported in January that the central government will contribute $216 million towards the project, the regional government of Antioquia department will contribute $337 million and the Medellin city government will pitch in with $212 million. Columbia’s N
    Read More
  • A key stretch of highway will be upgrade in Peru
    April 2, 2013
    Plans are in hand to carry out upgrades to a key stretch of highway in Peru. Work on the VII stretch of the Ayacucho-Abancay road will be carried out by the Kishuara III consortium. The contract is worth US$139 million. This consortium is headed by Spanish contractor firm, OHL, which has a 43% stake in the business. Its partners are Peruvian firm, Constructora TP, and Constructora Malaga Hnos.
    Read More

Highlighted Content