Thursday, August 11, 2011

Canadian funds eye Puerto Rican airport

A passenger jet takes off over San Juan, Puerto Rico - A passenger jet takes off over San Juan, Puerto Rico | Brennan Linsley/AP
Two more Canadian pension funds are looking to join the airport management game.
PSP Investments and OP Trust Private Markets Group are among the groups vying for a contract to run Puerto Rico's main airport, the busiest field in the Caribbean.
The U.S. territory is seeking bids on a concession of as much as 50 years to run Luis Muñoz Marín International Airport in a bid process being run by Credit Suisse. (Here's a link
to the government's web page on the deal.)