Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Puerto Rico’s Governor Rosselló Nevares Announces $1.5 Billion In Public-Private Partnership Projects To Rebuild Puerto Rico’s Infrastructure And Economy
    Top Stories

    Puerto Rico’s Governor Rosselló Nevares Announces $1.5 Billion In Public-Private Partnership Projects To Rebuild Puerto Rico’s Infrastructure And Economy

    Published by Gbaf News

    Posted on June 22, 2018

    7 min read

    Last updated: January 21, 2026

    ArcelorMittal plans to build a new steel manufacturing facility in Calvert, Alabama, to produce premium non-grain-oriented electrical steel for the US automotive market, boosting production capacity to meet rising demand.
    New advanced steel plant in Alabama by ArcelorMittal to support US automotive sector - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    SAN JUAN, Puerto Rico- This week, Puerto Rico’s Governor Ricardo Rosselló Nevares and the executive director for the Public-Private Partnerships Authority (P3 Authority), Omar J. Marrero, hosted the second annual P3 summit; P3 Summit: Cornerstone of Puerto Rico’s Recovery to discuss the many public-private partnership projects on the Island.

    “Since we began working to achieve a transformation of Puerto Rico at the beginning of 2017, we identified public-private partnerships as an effective tool to carry out many of the infrastructure projects that Puerto Rico needs,” said Rosselló. “A year later, and nine months after the devastating hurricanes that hit Puerto Rico, we can say that there are already six projects that are well on track and that represent over $1.5 billion in investment.”

    At the summit, more than 25 panelists from both the public and private sectors – including keynote speaker Mark Romoff, president of the Canadian Council for Public-Private Partnerships – shared their experiences and best practices, and proposed new ideas for best executing public-private partnerships.

    Marrero stressed that “during the past year we have worked to identify and begin various projects, and we have also received unsolicited proposals from the private sector, which P3 Authority is evaluating. We currently have six projects that we are accepting bids for, or will be accepting bids for very soon – which is more than any other jurisdiction in the United States.”

    Over the next few years, money invested in recovery projects is expected to boost the local economy and create new jobs. Projects include:

    • Updating student facilities. The first project for which applications for qualifications are being requested (RFQ) is the student life project. This project consists of the development of dormitories, parking and a student center for the Mayagüez Campus of the University of Puerto Rico. The deadline to submit proposals is June 27, 2018.

    • Ferry service to outer islands. An RFQ has also been requested for ferry service between Culebra, Vieques and Cataño. The project would create a new route to leave from Ceiba, completely transforming the service. The deadline to submit proposals for this project is July 30, 2018.

    • Modernizing water utilities. An RFQ has been requested for the optimization of the meter system and customer service for the Puerto Rico Aqueduct and Sewer Authority (PRASA). This project consists of improving a series of services offered by the PRASA, such as replacing outdated meters with more modern ones that provide more precise readings; offer better maintenance; and improve efficiency and service for customers. Similarly, the project seeks to improve and increase payment through a more efficient system, and reduce the flow water that cannot be billed or accounted for. This project represents a capital investment of over $100 million.

    • Improve cruise ship docks. An unsolicited proposal seeks to modernize and optimize the cruise docks in order to receive larger and more modern cruises and improve the passenger experience. This would strengthen Puerto Rico as a tourist destination, and would be an attraction for the worldwide cruise industry.

    • High-capacity energy storage. An energy stability and storage project is close to being able to call for RFQs, with the official request coming in the next few weeks. This project consists of the development of a high capacity energy storage plant to provide greater stability to the energy system of Puerto Rico, while providing resilience and responsiveness to fluctuations or power system outages.

    • Public Safety Training. Finally, a training project for public safety is expected to be formally announced by the end of this month. This will consist of a necessity and convenience study, followed up by trainings for public safety officers.

    “These is just a sample of the projects P3 Authority is working on – there are other projects that are going through the evaluation process,” explained Marrero. “We are very pleased with the private sector’s participation in the summit, which demonstrates their interest in doing business in Puerto Rico. Together, we will build the Puerto Rico of the future.”

    SAN JUAN, Puerto Rico- This week, Puerto Rico’s Governor Ricardo Rosselló Nevares and the executive director for the Public-Private Partnerships Authority (P3 Authority), Omar J. Marrero, hosted the second annual P3 summit; P3 Summit: Cornerstone of Puerto Rico’s Recovery to discuss the many public-private partnership projects on the Island.

    “Since we began working to achieve a transformation of Puerto Rico at the beginning of 2017, we identified public-private partnerships as an effective tool to carry out many of the infrastructure projects that Puerto Rico needs,” said Rosselló. “A year later, and nine months after the devastating hurricanes that hit Puerto Rico, we can say that there are already six projects that are well on track and that represent over $1.5 billion in investment.”

    At the summit, more than 25 panelists from both the public and private sectors – including keynote speaker Mark Romoff, president of the Canadian Council for Public-Private Partnerships – shared their experiences and best practices, and proposed new ideas for best executing public-private partnerships.

    Marrero stressed that “during the past year we have worked to identify and begin various projects, and we have also received unsolicited proposals from the private sector, which P3 Authority is evaluating. We currently have six projects that we are accepting bids for, or will be accepting bids for very soon – which is more than any other jurisdiction in the United States.”

    Over the next few years, money invested in recovery projects is expected to boost the local economy and create new jobs. Projects include:

    • Updating student facilities. The first project for which applications for qualifications are being requested (RFQ) is the student life project. This project consists of the development of dormitories, parking and a student center for the Mayagüez Campus of the University of Puerto Rico. The deadline to submit proposals is June 27, 2018.

    • Ferry service to outer islands. An RFQ has also been requested for ferry service between Culebra, Vieques and Cataño. The project would create a new route to leave from Ceiba, completely transforming the service. The deadline to submit proposals for this project is July 30, 2018.

    • Modernizing water utilities. An RFQ has been requested for the optimization of the meter system and customer service for the Puerto Rico Aqueduct and Sewer Authority (PRASA). This project consists of improving a series of services offered by the PRASA, such as replacing outdated meters with more modern ones that provide more precise readings; offer better maintenance; and improve efficiency and service for customers. Similarly, the project seeks to improve and increase payment through a more efficient system, and reduce the flow water that cannot be billed or accounted for. This project represents a capital investment of over $100 million.

    • Improve cruise ship docks. An unsolicited proposal seeks to modernize and optimize the cruise docks in order to receive larger and more modern cruises and improve the passenger experience. This would strengthen Puerto Rico as a tourist destination, and would be an attraction for the worldwide cruise industry.

    • High-capacity energy storage. An energy stability and storage project is close to being able to call for RFQs, with the official request coming in the next few weeks. This project consists of the development of a high capacity energy storage plant to provide greater stability to the energy system of Puerto Rico, while providing resilience and responsiveness to fluctuations or power system outages.

    • Public Safety Training. Finally, a training project for public safety is expected to be formally announced by the end of this month. This will consist of a necessity and convenience study, followed up by trainings for public safety officers.

    “These is just a sample of the projects P3 Authority is working on – there are other projects that are going through the evaluation process,” explained Marrero. “We are very pleased with the private sector’s participation in the summit, which demonstrates their interest in doing business in Puerto Rico. Together, we will build the Puerto Rico of the future.”

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostNational Bank launches Easy Pay, a mobile point-of-sale solution enabling Canadian SMEs to accept contactless payments
    Next Top Stories PostCoretek Services Announces Partnership With Total Solutions Group