An audit of many P3s – aka Public Private Partnerships – created during the administration of ex-Governor Luis Fortuño, are showing no evidence of a bidding or selection process. In other words, all the projects were simply handed to people or organizations, that were connected to the ex-governor himself.
PR Highway 22 was given to the Goldman Sachs investment Bank. “Escuelas Para el Siglo 21” received $756 million with no public bidding. The Luís Muñoz Marín Airport went to a syndicate headed by GAS, a Mexican firm associated with Carlos Slim. To this day, the Airport has not paid its electrical bill and now owes $25 million to PREPA.
Carlos Slim, the richest man in the world
Here is a report on this “Public Private Partnership” audit, which will now investigate other projects throughout the island:
The investigation is part of a larger inquiry, by government agencies and the press, into exactly who received $9 billion (nine billion dollars) in “private contracts” during the Fortuño administration.
With a Financial Control Board looming over Puerto Rico, there is a growing concern over these “P3s” or Public Private Partnerships – especially since it was Gov. Luis Fortuño who created the Public-Private Partnership Authority in Puerto Rico.
Fortuño created this “Authority” in 2009: through Public Law 29, one of his first legislative projects.
For a history of the War Against All Puerto Ricans, read the book…
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