Press Release

Expressions of the Puerto Rico Fiscal Agency and Financial Advisory Authority’s executive Director, Omar J. Marrero, regarding the approval of the Plan of Adjustment for the Puerto Rico Highways and Transportation Authority (ACT, per its Spanish acronym)

“With the approval of this Adjustment Plan, as proposed by the Financial Oversight and Management Board, the ACT’s debt is reduced by more than 80 percent, which is worth over $3 billion in debt service payments. This will allow the ACT to emerge from bankruptcy and establish a secure path for it to improve its fiscal situation, while facilitating investments in infrastructure for the benefit of our citizens”, mentioned AAFAF’s Executive Director, Omar J. Marrero Díaz, while assuring that the approved Adjustment Plan contains positive agreements for the agency.