PROCEEDINGS OF THE WORKSHOP ON INTERNATIONAL TRANSIT TURNKEY AND JOINT DEVELOPMENT. OPENING SESSION

The Deputy Executive Director of the Puerto Rico Department of Transportation and Public Works opened the workshop with a congenial welcome and preliminary introductions. The Chair of the Workshop Steering Committee introduced members of the Workshop Steering Committee and others who had worked to make the workshop possible. He then commented on past methods of financing transit projects and noted current innovative means of undertaking large transit projects. He observed that many things occur in cycles, and that, in the case of transit, it is appropriate to consider the present cycle of privatization and to learn how to utilize turnkey approaches for this generation of transit investments.