What is the Puerto Rico
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The Puerto Rico Public-Private Partnerships Authority (PPPA) is the Government Entity responsible for implementing public policy regarding public-private partnerships.
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Functions of the Authority
Among its main functions are the following:
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Establishing priorities among key projects with high PPP potential.
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Conducting or commissioning analyses as well as feasibility, desirability and convenience studies regarding specific PPP projects.
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Creating and approving regulations to govern procedures leading to the establishment of Partnerships.
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Evaluating the terms and conditions of each Partnership Contract and making recommendations to the PPPA Board of Directors and the Partnering Government Entity.
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Entering into direct contracts with third parties for specialized services related to the establishment of Partnerships.
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Rendering a contract ineffective, taking over from the Contractor and operating directly or contracting a third party to operate a facility or service. This would happen if the Authority determines within reasonable discretion that the contractor’s ongoing performance of such tasks poses a risk to the public interest, health and safety, or to the environment. |
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