Metropistas picks up 10-year toll road extension in Puerto Rico

Metropistas has been granted a 10-year extension to its PR5 and PR22 toll road concessions in Puerto Rico, up to 20161. Metropistas, a subsidiary of Spanish operator Abertis, signed the agreement with the Puerto Rico Highways and Transportation Authority. The agreement entails payment of $115 million to the Authority and a redistribution of the company's future revenue. PR22 is the 83km San Juan-Arecibo highway and PR5 is the 4km urban San Juan-Bayamon highway.
May 3, 2016 Read time: 2 mins

Metropistas has been granted a 10-year extension to its PR5 and PR22 toll road concessions in Puerto Rico, up to 20161.

Metropistas, a subsidiary of Spanish operator 5729 Abertis, signed the agreement with the Puerto Rico Highways and Transportation Authority. The agreement entails payment of $115 million to the Authority and a redistribution of the company's future revenue.

PR22 is the 83km San Juan-Arecibo highway and PR5 is the 4km urban San Juan-Bayamon highway.

Autopistas Metropolitanas de Puerto Rico is owned by investment bank 3347 Goldman Sachs Infrastructure Parthers and Abertis. Goldman Sachs was initially majority owner while Abertis initially served as minority partner and main highway operator.

They landed the public-private partnership contract, worth $1.4 billion, in 2011. In February 2013 Abertis acquired 6% of Goldman Sach's equity, elevating its position to majority owner with 51% ownership. Since taking over, the two highways have undergone a $56 million facelift.

Metropistas also has a concession to operate the 3km Teodoro Moscoso Bridge, across the San José Lagoon, inking Rio Piedras in San Juan to Isla Verde Carolina. It acts as an extension of PR17, also known as the Jesus T. Piñero Expressway, connecting with the Román Baldorioty de Castro Expressway – the PR26.

Abertis is also negotiating similar concession extension agreements for several of its assets in Chile and Argentina.

Finance & Funding

For more information on companies in this article

Related Content

  • Polish projects lined up
    July 3, 2012
    The Polish authorities are calling tenders for eight sections of a delayed stretch of the A1 highway. The 180km section is between Strykow to Pyrzowice and the tenders will be for design and construction work. The project is worth €1.8 billion and the contracts are expected to be signed in September of this year, with construction commencing in the second half of 2011 and due for completion in 2014. Meanwhile, over €84 million is being invested on a ring road construction project around Przemysl. Approval h
    Read More
  • US$3.4 billion Peru PPP road partnership
    April 11, 2024
    A US$3.4 billion Peru PPP road partnership deal has been awarded for Lima.
    Read More
  • Australia responds to infrastructure funding challenge
    July 13, 2012
    The Global Financial Crisis (GFC) has drastically changed the way governments and the private sector is prepared to procure vital infrastructure projects, says Philip Davies Governments have responded to the GFC by focusing on long term investment in transport infrastructure and shorter term stimulus packages to kick-start economies. As these projects proceed, the focus will shift to maintaining and achieving maximum benefits from assets and future infrastructure funding. The Public Private Partnership (PP
    Read More
  • Key highway project in Colombia faces delay
    December 2, 2013
    Work on a key stretch of Colombia’s Ruta del Sol highway project is behind schedule, with the route now unlikely to open to traffic before 2017. The 21.6km section of the highway facing these delays will link Villeta and Guaduas in Cundinamarca. A key challenge is technical as the US engineering firm Gall Zeidler Consultants has warned Colombia’s infrastructure agency (ANI) that this section of the route is geologically unstable. The proposed route could be at risk from slippage and will need to be stabilis
    Read More

Highlighted Content