November 2012: Can PPP`s Spearhead the Recovery?

Public private partnerships (PPPs) have become a worldwide modality of cooperation between the private and public sectors.  In a world full of economic superpowers afflicted by fiscal shortages, PPPs have provided a practical and efficient way to energize their battered economies.  A formula pioneered by the United Kingdom in the 80`s has spread across Europe and many other countries.  In Puerto Rico, PPPs have been considered the current administration to undertake and maintain badly needed investments in infrastructure. Puerto Rico is now a leader in the development of PPP`s in the United States, a country that has not quite embraced this formula yet. In this issue, we examine the development of PPP`s in Puerto Rico with emphasis on the controversial agreement involving the Luis Muñoz Marín international airport.