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

  • Tolling faces up to unprecedented challenge
    October 9, 2020
    The next five years are likely to see a number of changes – but the tolling industry will be equal to them, thinks the IBTTA’s Bill Cramer. The best minds in the business are on the case…
    Read More
  • ITS industry in the US has grown to $48 billion and will expand
    April 17, 2012
    ITS America has released what it says is the most comprehensive study to date on the scope of the ITS industry in the United States and North America. Researchers found intelligent transportation to be a fast growing sector valued at approximately US$48 billion. Results indicate that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity.
    Read More
  • Covid turns tolls cashless
    December 23, 2021
    When coronavirus hit, Pennsylvania Turnpike Commission made its long-planned e-tolling system permanent; this made sense, but it was still a difficult decision, explains the organisation’s Carl DeFebo
    Read More
  • Integrate systems to reduce roadside infrastructure
    January 27, 2012
    David Crawford reviews promising current developments. Instrumentation of the road infrastructure has grown to become one of the most dynamic sectors of the ITS industry. Drivers for its deployment include global concerns over the commercial and environmental pressures of traffic congestion, the importance of keeping drivers informed throughout their journeys, and the need to reduce accident rates and promote the safety of all road users, for example by enforcing traffic safety rules.
    Read More

Highlighted Content