Puerto Rico Infrastructure to Be Addressed by Oversight Board

The House Natural Resources Committee released a discussion draft Tuesday evening that would establish an oversight board to assist the Puerto Rican government as it navigates its debt crisis.

The 115-page draft, would also establish a Revitalization Coordinator under the oversight board to help move infrastructure projects forward.

The coordinator must have knowledge and experience in the planning, pre-development, financing and development of energy infrastructure projects, according to the draft. The coordinator will also have to progress energy projects that will reduce Puerto Rico’s reliance on oil for electric generation; improve energy infrastructure performance and energy efficiency; and promote the development and utilization of Puerto Rico’s energy sources.

The inclusion of a means to advance infrastructure solutions comes as high electricity costs and outdated infrastructure have caused businesses and citizens to migrate from Puerto Rico, according the House Natural Resources Committee.

Natural Resources Chairman Rob Bishop (R-Utah.) said the discussion draft was released to encourage feedback and response and will change. Bishop also said the draft was created with input from Congress, the Treasury Department, stakeholders and Puerto Rico’s leadership in a statement.

Asha Glover

Puerto Rico Infrastructure to Be Addressed by Oversight Board

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