New at Castalia
Castalia Encourages Innovative PPPs in Puerto Rico
Puerto Rico has a growing demand for quality infrastructure services. However publicly owned infrastructure has been deteriorating in recent years. The island's administration has acknowledged that Public Private Partnerships (PPPs) represent the best chance to accelerate infrastructure development and increase the island’s production capacity. By 2013, the Puerto Rico Public-Private Partnerships Authority (PPPA) intends to close 13 PPP projects with an investment of $4.5 billion and 21 projects that will continue to work for a total cumulative investment of $6.2 billion by 2017 with the creation of almost 100,000 jobs.Castalia Managing Director, Alfonso Guzman, is evaluating opportunities for PPPs in Puerto Rico. He has found that most government entities in Puerto Rico are authorized to enter into PPP arrangements to construct new infrastructure facilities and refurbish or improve existing ones. With appropriate project screening done by the PPPA, this wide array of potential government partners should encourage innovative PPP projects that will help improve infrastructure-service delivery to the public and make the island more economically competitive. More information on Castalia's contribution to PPP initiatives in Puerto Rico is available here.