Abertis-Goldman Sachs wins motorway concession in Puerto Rico

The Goldman Sachs Infrastructure Partners II-Abertis Infraestructuras consortium has been chosen by the Puerto Rican Government to operate the PR-22 and PR-5 motorways for a period of 40 years for US$1.08 billion. The operation will be formalised in September 2011.
April 19, 2012 Read time: 1 min
The 5029 Goldman Sachs Infrastructure Partners II-Abertis Infraestructuras consortium has been chosen by the Puerto Rican Government to operate the PR-22 and PR-5 motorways for a period of 40 years for US$1.08 billion. The operation will be formalised in September 2011. The consortium will finance 40 per cent of the project via capital contributions carried out by shareholders. The remaining 60 per cent will be financed with long-term debt, which 12 financial entities have signed.

The PR-22 motorway, which connects San Juan and Arecibo, has average daily traffic levels of 84,000 vehicles. The two motorways generated revenues of US$90 million in 2010.

For more information on companies in this article

Related Content

  • Moody's: tolls will have a greater role in closing US highway funding gap
    April 28, 2017
    In light of stagnant federal funding and limited capacity for states to increase spending, toll roads will play an increasing role in addressing the funding gap for road and bridge infrastructure needs in the US, according to a new report from Moody's Investors Service. Based on historical trends, Moody's projects more toll roads and increased tolling in areas with existing traffic congestion and growing economies, population and per capita income. The 2017 Infrastructure Report Card by the American Society
    Read More
  • Optibus wins Kampala transit deal
    April 6, 2022
    Ugandan capital currently has 'informal' public transport via matatus and boda-bodas
    Read More
  • EBRD finances road repairs and upgrades in Eastern Europe
    July 15, 2016
    The European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of up to US$86 million (€65 million) to Bosnia and Herzegovina to support an infrastructure programme aimed at repairing and upgrading the country’s road network, which has been damaged by severe floods in recent years. The improvements to the network will support regional connectivity, making it easier for domestic companies to transport their products to local and regional customers. Supporting regional integratio
    Read More
  • Substantial demand ‘underscores need for TIGER grants’
    August 3, 2015
    US Transportation Secretary Anthony Foxx has announced that applications to the US Department of Transportation (DOT) for its seventh round of Transportation Investment Generating Economic Recovery (TIGER) grants totalled US$9.8 billion, almost 20 times the US$500 million set aside for the program, demonstrating the continued need for transportation investment nationwide. Among the 625 applications for grants received this year, 60 per cent are road projects, 18 per cent are transit projects, and eight p
    Read More

Highlighted Content