This all sounds very optimistic. The reality is that there isn't a certain way for the current electrical power authority to obtain this kind of capital and/or assets to execute this kind of plan.
Maybe they could try to become a new Hong Kong in the Caribbean Sea. Rule of law, deregulation, free markets even for power production and distribution. Tourism is a small part of their economy, and never a solid, prosperous plan.
If PR could become a new Singapore or Hong Kong we would all benefit.
All shipping to PR has to happen via US companies on ships built in the US crewed with US citizens, increasing the price of any good shipped there (basically everything)
Unsuprisingly, not having to pay taxes only offsets that to a certain point for people with somewhat normal incomes. And having rich people move there is of limited value if you basically waive all or most direct taxes.
Nobody wants to get started there because theyll get kidnapped and murdered
Thats the perception anyway
They set the majority of their own tax laws for one example (including sales and income taxes), and don't pay federal income taxes. They do pay into Social Security and Medicare, the benefits of which they can claim back later.
They set the majority of all criminal laws for themselves.
They have their own constitution.
They're free to set all sorts of laws how they see fit, so far as it doesn't contradict, for example, the US Bill of Rights. Their ability to set laws is greater than that of the 50 states, meaning they have a wide field to work with.
http://ppp.worldbank.org/public-private-partnership/overview...