''Autopistas de Puerto Rico S.E.'' ( en, Puerto Rico Expressways, italic=yes) is the

public–private partnership A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Administ ...

privately held company A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

that operates the

Teodoro Moscoso Bridge The Teodoro Moscoso Bridge is a bridge in Puerto Rico. It works as an extension of PR-17, also known as the Jesus T. Piñero Expressway, connecting this road with the Román Baldorioty de Castro Expressway ( PR-26). It crosses the San José Lag ...

on behalf of the

Puerto Rico Highways and Transportation Authority The Puerto Rico Highways and Transportation Authority (PRHTA) es, Autoridad de Carreteras y Transportación (ACT) is the government-owned corporation of Puerto Rico charged with constructing, operating, and maintaining roads, bridges, avenues ...

. The company is wholly owned by

Abertis Abertis Infraestructuras, S.A. () is a Spanish worldwide corporation engaged in toll road management. Even though most of the toll roads it operates in Spain are in Catalonia, the company is headquartered in Madrid. The company runs over 8,600 k ...

History

''Autopistas de Puerto Rico S.E.'' was founded by Dragados y Construcciones S.A. of

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

with 74.25% stake, Supra and Company S.E. with 20% share,

Rexach Construction Company Rexach is a surname. Notable people with the surname include: * Carles Rexach (born 1947), Spanish footballer and manager * Eduardo Serra Rexach (born 1946), Spanish politician and businessman * Félix Benítez Rexach (1886–1975), Puerto Rican e ...

with 4.75% interest and ''Autopistas Corporation'' ( en, italic=yes, Expressways Corporation) with 1% interest. In 1998 Valor 2000 S.A. of Spain bought Dragados' share, who in turn sold their shares to

Aurea Concesiones de Infraestructura de España Aurea, golden in Latin, may refer to: * Aurea (car), a former Italian automobile manufactured in Turin from 1921 to 1930 * Aurea (singer) (born 1987), Portuguese singer * Aurea Alexandrina, a kind of opiate or antidote * Áurea, a municipality in ...

in 2001. In 2003,

bought Aurea out, and then, in 2010, acquired the remaining 24.75% shares owned by the other two founding members. The remaining 1% is owned by ''Autopistas Corporation'', a

shell company A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or s ...

based in

Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...

which is also owned by

Timeline

* 1993: ''Autopistas de Puerto Rico S.E.'' is founded. * 1994: the

is opened to the public. * 1998: Valor 2002 S.A. acquires Dragados y Construcciones S.A. shares. Valor 2002 S.A. becomes a

supermajority A supermajority, supra-majority, qualified majority, or special majority is a requirement for a proposal to gain a specified level of support which is greater than the threshold of more than one-half used for a simple majority. Supermajority ru ...

shareholder with 74.25% of the shares. * 2001:

buys Valor 2002 S.A. shares. Aurea becomes a

shareholder with 74.25% of the shares. * 2003:

buys

shares. Abertis becomes a supermajority shareholder with 74.25% of the shares. * 2010:

buys Supra and Company S.E. and

shares. Abertis becomes the sole owner by owning 99% of the shares through Abertis Infraestructuras, S.A. (a ''

Societas Europaea A ''societas Europaea'' (, ; "European society" or "company"; plural: ; abbr. SE) is a public company registered in accordance with the corporate law of the European Union (EU), introduced in 2004 with the Council Regulation on the Statute f ...

'' based and registered in

) and 1% through ''Autopistas Corporation'' (a

based and registered in Puerto Rico).

References

External links

* {{coord missing, Puerto Rico Public–private partnerships in Puerto Rico