Thursday, June 23, 2011

Goldman Sachs and Abertis lease Puerto Rico toll roads

Goldman Sachs and Abertis lease Puerto Rico toll roads
As the winning bidder in Puerto Rico, the Goldman Sachs-Abertis partnership will operate and collect the tolls on Puerto Rico’s 52-mile Route 22 and four-mile Route 5 for the next 40 years.
The partnership consists of Goldman Sachs Infrastructure Partners II with a 55 percent share, and Abertis with 45 percent. Under the agreement, the partnership has also agreed to spend $300 million on upkeep for the two roadways over the lifespan of the agreement.