Saturday, May 21, 2011

Puerto Rico near locking in privatization deals

Puerto Rico near locking in privatization deals
SAN JUAN, May 19 (Reuters) - Puerto Rico's drive to lease highways, airports and other infrastructure to private investors is gathering speed.

The U.S. commonwealth, battling a years-long recession and double-digit unemployment rate, is near closing on a major highway concession and readying for market an offer to lease out San Juan's international airport.