Puerto Rico Battle over Toll Revenue Continues

Associated Press reports, “Puerto Rico’s Highways and Transportation Authority has agreed to take a revenue cut amid a financial crisis to reach a $115 million deal with the company that manages the island’s toll roads. Spanish-based Abertis said . . . that subsidiary Metropistas will manage the island’s busiest toll road and others for 10 more years. In exchange, the transportation agency will reduce its percentage of revenue collections from 50 percent to 25 percent.”