The following set of criteria is used to determine if infrastructure proposals are Critical Project candidates:
- Impact of the project on an emergency
- Availability of funds to implement the project
- Cost of the project and amount of Puerto Rico government funds required
- Environmental and economic benefits provided by the project
- Current status of the project
- Additional appropriate criteria related to energy production and conservation
In order to make a final decision on whether an infrastructure proposal is a Critical Project, PROMESA-Title V outlined a specific process to follow
There are six key steps in the CPP:
- Project submission by a Project Sponsor
- Identification of relevant Puerto Rico Agencies that will have a role in the permitting, approval, authorizing, or any other activity related to the development of the project
- Expedited permitting process from each Puerto Rico Agency identified in step 2
- Critical Project Report to assess the project against submission criteria and provide a recommendation
- Public involvement to opine if the proposal should be deemed a Critical Project
- Action by the Oversight Board to approve or disprove the proposal as a Critical Project
Documents to be submitted in the CPP Submission Form:
- Any contract or authorization of use for the proposed site.
- Letter of intent or any kind as evidence of availability of funds (such as bank statements, audited Financial Statements, letter of intent, etc.) to implement, operate, or maintain the project.
- Contract awarded, or RFP award in cases where projects are Private-to-Public. Click here to view policy.
- Energy Projects requiring to be connected to the electrical grid: PPOA renegotiated with PREPA and in accordance with Title III proceedings. Click here to view policy.
- Sources and uses of funds.
- Good Standing Certificate (In case of legal entities).