The Puerto Rico Public-Private Partnerships Authority promotes an ongoing collaboration between the public and private sector with the ultimate aim of offering a high quality of life to all Puerto Ricans.
The collaboration between these two sectors is key to promoting sustainable economic development and establishing Puerto Rico as a global competitor in the industry of goods and services.
What are Public-Private Partnerships?
Public-Private Partnerships, better known as P3A, are contractual agreements between a government agency and a private entity to provide works or services required in Puerto Rico for an established period of time.
Depending on private sector innovation, there are models of P3A that include one or more stages, including design, construction, operation, financing, and maintenance.
What are the advantages of P3A for Puerto Rico?