PMA counsel to PR PPP Authority in largest public private partnership to date in Puerto Rico

PMA acted as counsel to the Puerto Rico Public-Private Partnerships Authority in connection with the procurement and award of the largest public private partnership established to date in Puerto Rico, involving the concession of the PR-22 and PR-5 Toll Roads. The group of Abertis Infraestructuras and Goldman Sachs Infrastructure Partners II, L.P. was selected as the preferred bidder with a bid of $1.080 billion. The concession agreement was executed on June 27, 2011 and the transaction is expected to close during the third quarter of 2011. Partners Manuel R. Pietrantoni, Javier D. Ferrer and Manuel Rodriguez handled this matter.