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

  • Need for balance on UK speed enforcement funding cuts
    February 2, 2012
    Trevor Ellis, Chairman of the ITS UK Enforcement Interest Group, considers the implications of the UK Government's decision to withdraw funding for road safety camera partnerships
    Read More
  • Colombian government releases funds for road concessions
    September 25, 2013
    The Colombian government is to release funds of US$12.27 billion from the national budget for the Autopistas de la Prosperidad road programme, involving nine road concessions. Concession holders will invest US$7.4 billion into these projects; since monies from tolls will be insufficient to complete all works, the government will inject further funds of US$23.2 billion over the next decade. Ministers have stressed the importance of this road infrastructure and the need to speed up the process. This news
    Read More
  • Strategic road deals across India
    April 17, 2012
    A series of key highway projects will help transform India’s internal links as well as its connections to neighbouring nations. A new US$1.2 billion highway in India running through Ahmedabad-Udaipur-Kishangarh through the states of Gujarat and Rajasthan is attracting strong interest. So far 11 bids have been made including offers from a consortium comprising Belford-GVK, Soma-Isolux, Vince-Hindustan Construction, IRB Infrastructure (IRB)-Reliance Infra and Plus-Nagarjuna Construction. Other bidders include
    Read More
  • Chile needs major smart city investment
    September 5, 2014
    Chile needs to invest US$30 billion in telecom infrastructure over the next ten years to boost its potential to develop smart cities, according to Pelayo Covarrubias, board president of digital development organisation País Digital. During a seminar on smart cities, Covarrubias said Chile had invested US$15 billion in telecom infrastructure in the last decade. The estimated investment for the next decade is the minimum Chile would need to spend just to be able to keep up with other high-ranking digital citi
    Read More

Highlighted Content