The Puerto Rico Public-Private Partnerships Authority (PPPA) is the authorized governmental entity responsible for implementing public policy on public-private partnerships.
A Public-Private Partnership or a Partnership is defined as any long-term contractual agreement between a governmental entity and a non-governmental organization, subject to the public policy established by the PPP Act, which terms and conditions are provided in a Partnership Contract. A public-private partnership allows the delegation of certain functions, services or responsibilities of any government entity, as well as the design, development, financing, maintenance or operation of one or more facilities, or any combination of the foregoing. The Partnership Contracts are based on two principal elements: 1) transfer of responsibilities and risks, and 2) duly execution by the private proponent with a favorable performance.
Act No. 29 of June 8, 2009, known as the PPP Act, favors and promotes the establishment of public-private partnerships for the delivery of priority projects, and to encourage the development and maintenance of infrastructure facilities, as well as to share the risks of such development between the State and the selected private entity. For detailed information on the PPPA projects in the pipeline and the bidding documentation and process, go to www.p3.gov.pr.
Audited Financial Statements
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June 30, 2010 |
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Contact Information
David Álvarez Ángel González
Executive Director Deputy Director
Phone: (787) 722-2525 x-5803 y 5804 Phone: (787) 722.2525 X-5994
Fax (787) 723.0968 Fax: (787) 723.0968