Former Secretary of US Department of Transportation to Speak at the First Puerto Rico Public-Private Partnerships Summit

Mr. Ray LaHood, former US DOT Secretary, has confirmed as Keynote Speaker for April 20th

(April 7, 2017, San Juan, PR) – The Executive Director of the Puerto Rico Public-Private Partnerships Authority, Omar J. Marrero, announced today the participation of the former US Department of Transportation Secretary, Ray LaHood, as distinguished speaker during the First Puerto Rico Public-Private Partnerships Summit (P3 Summit) to take place on April 20th and 21st at the Puerto Rico Convention Center in San Juan, Puerto Rico. The First P3 Summit, which is expected to attract over 200 investors and entrepreneurs from North America, Latin America, Europe and Asia will serve as a platform to present the portfolio of priority public-private partnership projects and to restore contact with the infrastructure investment community. Former Secretary LaHood, who was a member of the US Cabinet under President Barack Obama between 2009 and 2013, will be the Keynote Speaker and is expected to touch on several topics including the infrastructure plan under President Donald J. Trump, Federal advances to support projects in transportation, water and others, the importance of P3s and the opportunities to revitalize infrastructure in Puerto Rico. The participation of former Secretary LaHood at the first P3 Summit is very relevant as former Secretary LaHood obtained landmark achievements in almost all transportation modes including replacing 350,000 miles of highway, repairing 20,000 bridges and renewing or constructing 6,000 miles of rail track.

In addition, it was under LaHood’s incumbency at US DOT that P3s gained significant momentum in the United States with key projects reaching financial close such as the concession of Luis Muñoz Marín International Airport in Puerto Rico, the Port of Miami Tunnel Project, Denver Eagle P3, Presidio Parkway in California, and Goethals Bridge P3 in New York, among others.

All these projects received some type of support or approval from the US DOT and/or Federal Highways Administration (FHWA) under LaHood’s leadership. In addition, federal funding programs that are key to the success of P3 projects were strengthened such as TIFIA and technical support programs under FHWA. Director Omar J. Marrero stated that “former Secretary LaHood has a wealth of experience in infrastructure of the Federal Government affairs. His experience extends beyond US DOT given that he served in the US House of Representatives from 1995 and 2009 on behalf of the 18th District of Illinois. LaHood is a leader in infrastructure and will provide the audience with key insights about infrastructure challenges and opportunities in Puerto Rico.” The First P3 Summit will also cover other issues of interest to investors, infrastructure developers, concessionaires and the general public. For more information and registration of attendance you can visit www.p3summitpr.com.

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