A consortium led by Goldman, Sachs & Co. will pay a total $1.43 billion to maintain and operate Puerto Rico’s busiest toll road for 40 years.

Puerto Rico officials Monday announced the government will receive an upfront payment of $1.08 billion from Autopistas Metropolitanas de Puerto Rico LLC, which includes Goldman Sachs Global Infrastructure Partners II LP and Abertis Infraestructuras, based in Spain. Abertis also operates the Teodoro Moscoso Bridge, a tolled span in San Juan.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.