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Public-Private Partnerships will evaluate Supreme Court’s decision that dictates how the government must award contracts

The agency indicated that in awarding the LUMA Energy, Genera PR and San Juan Cruise Port LLC contracts, it considered the financial information of the parent companies

September 19, 2024 - 10:59 AM

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The executive director of the Public-Private Partnerships Authority (P3A), Fermín Fontanés, indicated that the bidding processes in the agency were awarded, until now, under Law 29 of 2009 (Public-Private Partnerships Law) and these contracts “have included as a requirement the evaluation of the financial aspects of the parent companies”. (Xavier Araújo)

By Maricarmen Rivera Sánchez

Periodista de Negociosmaricarmen.rivera@gfrmedia.com

The Public-Private Partnerships Authority (P3A) will evaluate the recent Supreme Court decision detailing how to evaluate a company’s finances - and parent companies - when signing a contract or awarding an auction or bidding process.