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Puerto Rico toll road suitors revealed

At least four teams recently submitted statement of qualifications in response to Puerto Rico’s solicitation seeking a concessionaire for a toll road bundle that includes PR-52, said two sources familiar with the matter.

Plenary Group, Sacyr and Abertis are among the groups that responded to an RFQ the Puerto Rico Public-Private Partnership Authority issued over the summer. The sources said a fourth consortium is also participating in the procurement.

The P3A, in conjunction with the Puerto Rico Highways and Transportation Authority (HTA), is seeking potential concessionaires to finance, operate, maintain and improve PR-52, PR-53, PR-66 and PR-20.

The toll road bundle supported roughly 118 million vehicle transactions, translating into about USD 140m in 2021 revenue across its 622 miles of lanes with PR-52 generating a majority of that figure. P3A has estimated the toll road monetization project could be valued at USD 2.5bn.

Responses to the RFQ were originally due in September but were pushed back to October.

The government at some point will shortlist various firms who submitted SOQs, moving onto the procurement process’s RFP stage.

Meanwhile, the HTA is developing a master plan that calls for public sector spending to improve Puerto Rico’s road infrastructure over the course of 45 years, local news outlet El Vocero reported last week.

Additionally, the Puerto Rico Senate recently approved a bill ordering the HTA not to increase the cost of tolls for 12 months upon its passage, news outlet El Nuevo Dia reported on 3 November. The territory’s House of Representatives has taken up the bill for its consideration.

The P3A and Abertis did not return messages seeking comment. Plenary and Sacyr declined to comment.