Puerto Rico received 12 responses from infrastructure funds, U.S. private-equity firms, Canadian pensions, and developers based in Spain and India to a request for qualifications for a privatization of up to 50 years of its principal airport, near the capital, San Juan.
Goldman Sachs Infrastructure Partners is among the funds interested in Luis Muñoz Marin International Airport. Goldman Sachs, which combined with Spanish infrastrcuture company Abertis Infraestructuras SA to recently win a 40-year contract for the island’s busiest highway, is collaborating with German airports operator Fraport on the San Juan proposal.
The Puerto Rico Public-Private Partnerships Authority said in a statement that the following groups had also responded to a request for qualifications:
Grupo Aeropuertos Avance, a consortium comprised of Macquarie Capital Group and Ferrovial Aeropuertos, the airports subsidiary of Spanish infrastructure group Ferrovial; Puerto Rico Gateway Group, comprised of GE Capital Aviation, the Allegheny County, Pa., Airport Authority, U.S. retirement fund manager TIAA-Cref, OPTrust, which manages the pension fund for the Ontario Public Service Employees Union, and airport retail developer Airmall USA; Bangalore firm GMR Infrastructure and Incheon International Airport Corp.; Aena Internacional, part of Spanish state-backed airports operator Aeropuertos Españoles y Navegación Aérea; Turkish airports operator TAV Airports; Corporación América; Agunsa, which operates ports and airports concessions in Chile; a group consisting of Canada’s Public Sector Pension Investment Board, Zürich airport operator Flughafen Zürich, Camargo Corrêa Investimento em Infra-Estructura, and Gestión e Ingeniería; Grupo Aeroportuario del Sureste and New York-based infrastructure investor Highstar Capital; and Grupo Aeroportuario del Centro Norte.