Puerto Rico’s current economic and fiscal situation requires the P3 Authority to devise innovative ways of delivering high quality public services and foster socio-economic development, by optimizing synergies between the government and the private sector to pursue the best outcome for the people of Puerto Rico. The current administration has clearly conveyed to the markets that Puerto Rico is Open for Business. The Authority was created by the Public-Private Partnerships Act, Act No. 29-2009, as amended, which states that the public policy of the Government is to favor and to promote the establishment of public-private partnerships (PPPs or P3s) for the creation of certain Priority Projects.