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Puerto Rico wins approval for PPP

28-Jun-2011 9:17 AM

Puerto Rico received the required 65% support of carriers operating at San Juan Luis Munoz Marin International Airport to allow the partial privatisation of the airport to go ahead (Reuters, 27-Jun-2011). US Federal Aviation Administration rules require carriers representing 65% of market share at the airport sign a MoU outlining the broad business parameters of a potential privatization. The approval is a key step in selling the rights to run the airport. Puerto Rico officials will begin the process to solicit private investors to run the airport this week. The deal one of a number of planned series of public-private partnerships (PPP) aimed at helping the troubled economy of the US territory.