AAFAF - Autoridad de Asesoría Financiera y Agencia Fiscal de Puerto Rico

Puerto Rico Highways and Transportation Authority (HTA)

The Puerto Rico Highways and Transportation Authority (“HTA”) is a public corporation created pursuant to Act No. 74 of June 23, 1965, as amended. HTA was created for the purpose of constructing, operating and maintaining Puerto Rico’s toll road network, major highways and mass transportation facilities. Learn more about HTA here.



  • WR


On May 21, 2017, the Financial Oversight and Management Board for Puerto Rico (“FOMB”), at the request of then-Governor Rosselló Nevares, commenced a Title III case for the Puerto Rico Highways and Transportation Authority (“HTA”) by filing a petition for relief pursuant to Section 304(a) of PROMESA, 48 U.S.C. § 2164(a), in the United States District Court for the District of Puerto Rico. As such, HTA is currently a debtor in a proceeding under the Title III of PROMESA, 48 U.S.C. § 2161, et seq. Pursuant to Section 315(b) of PROMESA, 48 U.S.C. § 2175(b), the FOMB serves as HTA’s representative in its Title III. HTA’s Title III proceeding is being jointly administered with the Commonwealth’s Title III proceeding for procedural purposes only in the United States District Court for the District of Puerto Rico under Case No. 17-BK-03283-LTS. The Title III case docket can be accessed for free by clicking here.

On May 5, 2021, the Oversight Board, as representative of the Commonwealth and the Authority in their Title III Cases, entered into the HTA/CCDA Plan Support Agreement (the “HTA/CCDA PSA”) with certain holders of in excess of $2 billion of claims against the Authority, including more than 85% of HTA 1968 Bonds and nearly 50% of HTA 1998 Senior Bonds, which include traditional municipal investors and monoline bond insurers Assured Guaranty Corp. and National Public Finance Guarantee Corporation. The HTA/CCDA PSA sets forth the framework for the HTA Plan of Adjustment. The HTA Plan of Adjustment process remains ongoing, and no Plan has yet been confirmed by the Title III Court.