Taylor Swain approves Puerto Rico Highways and Transportation Authority’s Plan of AdjustmentThe judge confirms the sixth restructuring of Puerto Rico’s public debt and other obligations under PROMESA
Judge Laura Taylor Swain confirmed Wednesday the Puerto Rico Highway and Transportation Authority’s Plan of Adjustment (POA-HTA), a restructuring that -beyond cuts to the public debt- will require the public utility to reorganize its operations; will allow 30 years of consecutive toll increases adjusted to inflation; and will prepare the way to transfer all of Puerto Rico’s highways to private operators.
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