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prima:Government advisors invest in potential cruise port operator

While criticism of McKinsey & Co. and O’Neill & Borges for potential conflicts of interest continues, three investment banks hired by FAFAA have Global Port Holdings shares.

July 26, 2022 - 10:57 AM

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This content was published more than 2 years ago.
Puertos realizará el dragado de mantenimiento de los muelles, 3, 4 y los muelles Panamericano I y II, en coordinación con el Cuerpo de Ingenieros de Estados Unidos.  (Archivo GFR Media)
Pizá did not reveal the name of the operator the government has selected. However, it is an open secret in the financial and tourism community that the selected proponent is Global Ports Holding (GPH). (Archivo)

Last June 6 and 7, Pedro Pierluisi’s administration told the investment market at the “Puerto Rico Now” summit that the U.S. territory had overcome its fiscal problems; that it was ready to invest billions of dollars in federal funds following Hurricanes Irma and María; and that it welcomed anyone willing to invest and support economic recovery efforts.

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