Autopistas Metropolitanas de Puerto Rico, LLC English: Puerto Rico Metropolitan Expressways —stylized as metropistas English: Metro Expressways— is the public–private partnership, privately held company, and limited liability company that operates PR-5 and PR-22 on behalf of the Puerto Rico Highways and Transportation Authority. The company is a consortium between Goldman Sachs and Abertis where Goldman Sachs initially served as majority owner through its Goldman Sachs Infrastructure Partners II infrastructure fund, while Abertis initially served as minority partner and main operator.[1][2][3][4] However, in February 2013 Abertis acquired 6% of Goldman Sach's equity, elevating its position as majority owner with 51% ownership.[a]

Metropistas
Typeprivately held company
Industrytransportation
Genretoll road
FoundedMay 19, 2011; 11 years ago (2011-05-19)
Headquarters,
Puerto Rico
Area served
San Juan–Caguas–Guaynabo metropolitan area
Key people
Gonzalo Alcalde, CEO[citation needed]
Servicesoperates PR-5 and PR-22
RevenueIncrease $89.1 million USD[citation needed]
OwnersGoldman Sachs
Abertis
Websitewww.metropistas.com

In late 2018 it was given a BBB rating by Kroll Bond Rating Agency (KBRA) and has a Concession Agreement with the Puerto Rico Highway Transportation Authority for Puerto Rico Highway 5 and Puerto Rico Highway 22.[6]

See alsoEdit

NotesEdit

  1. ^ EFE (2014; in Spanish) "Abertis compró a dos fondos de inversión gestionados por Goldman Sachs el 6% de Autopistas Metropolitanas de Puerto Rico (Metropistas) por $43.6 millones, con lo que su participación en dicha sociedad se eleva al 51%."[5]

ReferencesEdit

  1. ^ "Quiénes Somos" (in Spanish). Metropistas. Archived from the original on 2012-10-29. Retrieved December 21, 2012.
  2. ^ Marino, John (June 20, 2011). "Abertis-Goldman wins highway deal with $1B bid". Caribbean Business. Archived from the original on 2012-03-24. Retrieved December 21, 2012.
  3. ^ Roumeliotis, Greg (March 2, 2010). "Goldman scaling back second infrastructure fund-sources". Reuters. Retrieved December 21, 2012.
  4. ^ "Puerto Rico PR-22 and PR-5 Lease". Office of Innovative Program Delivery, Federal Highway Administration, United States Department of Transportation. Retrieved December 21, 2012.
  5. ^ "Empresa española administrará Metropistas" (in Spanish). EFE. February 4, 2014. Retrieved February 4, 2014.
  6. ^ "KBRA Assigns BBB- Rating to Autopistas Metropolitanas de Puerto Rico, LLC's 6.75% Senior Secured Notes Due 2035". MarketWatch.

External linksEdit