Puerto Rico deals

RSSThe authorities in Puerto Rico awarded a contract to a consortium for two toll roads under a 40 year deal. The joint venture partnership comprises Spanish firm Abertis and 5029 Goldman Sachs' GS Global Infrastructure Partners II. The deal concerns the 83km PR22 road and the 8km PR5 road. The PR22 link is a major route with up to 10 lanes at its widest point while the urban PR5 road runs from PR22 to the western suburbs of San Juan. However further deals are in hand in Puerto Rico and the authorities intend to award three further road lease deals in due course. The next package will be for the PR52 and PR20 roads and the third for toll roads in the eastern part of Puerto Rico. The fourth concession will be for a new-build highway project and involve a construct and operate contract for an extension of the existing PR22 highway.