The private entity that wishes to be hired for the construction, operation, and maintenance of the transit and transportation facility, public highway, and/or its ancillary transit and transportation facilities must meet the following requirements and conditions:(a) Be a corporation, limited liability company, or partnership authorized to do business in the Commonwealth of Puerto Rico.(b) Have a corporate or social capital available that in no way shall be less than five percent (5%) of the total projected investment in the construction of the transit and transportation facility, public highway and/or its ancillary transit and transportation facilities.(c) It shall show the economic and financial viability of the project.(d) It shall show it has the managerial, organizational and technical capacity to develop and manage the project. History —June 23, 1965, No. 74, p. 158, added as § 4-C on Aug. 24, 1990, No. 4, p. 1400, § 3; Dec. 27, 2013, No. 174, § 3.
Puerto Rico Legal Code