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

  • Mexican highway deal
    November 27, 2012
    Spanish construction firm OHL presented an offer to operate the 56km Guadalajara-Colima motorway in Mexico for 12 years. The motorway is being heavily restructured, with the expansion of its four lanes. The first phase of these works has already been completed and investment to date has totalled US $54.81million. A further $263.66 million is being invested by Banobras on current works. All offers to operate the Guadalajara-Colima motorway were due for presentation by mid-September 2012. OHL Mexico has commi
    Read More
  • Developing Brazil's transport infrastructure
    February 16, 2012
    The IRF and ABCR spoke with World Highways about the upcoming 7th Brazilian Congress on Highways and Concessions event
    Read More
  • NCT survey shows Brazil’s roads improving
    November 17, 2014
    Brazil’s roads are improving, but more than 49,000km remain in a fair, bad or very bad state, according to the latest figures from the National Confederation of Transport. Nearly half of roads are considered fair or worse, down from three-quarters in the NCT’s last survey in 2004. The NCT represents around 124,000 cargo and passenger transportation businesses and more than 824,000 independent truck drivers. The survey took into account paving, road routes and signalling and found the 10 best roads in
    Read More
  • Toll-tale market strength for leading tolling manufacturers
    May 22, 2014
    New major highway tolling solution supply contracts and the launch of cutting-edge tolling products have invigorated the global tolling technology market in the first half of 2014, as Guy Woodford reports Kapsch TrafficCom has been selected by North Tarrant Express (NTE) Mobility Partners LLC to provide the toll collection, intelligent transport and network communication systems for the NTE extension project in the US state of Texas. The NTE extension is approximately 16km long, and runs along I-35W north o
    Read More

Highlighted Content