{"id":353395,"date":"2026-07-27T06:40:16","date_gmt":"2026-07-27T06:40:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/353395\/"},"modified":"2026-07-27T06:40:16","modified_gmt":"2026-07-27T06:40:16","slug":"miami-forum-proposes-private-capital-for-cubas-reconstruction","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/353395\/","title":{"rendered":"Miami forum proposes private capital for Cuba\u2019s reconstruction"},"content":{"rendered":"<p>            <img loading=\"lazy\" decoding=\"async\" class=\"responsive-image\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/MIA_102CubaInfraestruct22NEWPPP.JPG\"   width=\"1200\" height=\"674\" title=\"Attorney Marcell Felipe, far left, speaks to a group of experts to the American Museum of the Cuban Diaspora in Miami at a forum titled \u201cRebuilding Cuba's infrastructure as part of the transition to Democracy,\u201d on July 22, 2026.\" alt=\"Attorney Marcell Felipe (far left) welcomed a group of experts to the American Museum of the Cuban Diaspora in Miami, during a forum titled \u201cInitiative for Democratic &amp; Economic Alternatives for Cuba\u201d focused on \u201cRebuilding Cuba's infrastructure as part of the transition to Democracy.\u201d hosted by the museum, on Wednesday July 22, 2026.\"\/><\/p>\n<p>        Attorney Marcell Felipe, far left, speaks to a group of experts to the American Museum of the Cuban Diaspora in Miami at a forum titled \u201cRebuilding Cuba&#8217;s infrastructure as part of the transition to Democracy,\u201d on July 22, 2026.<\/p>\n<p>                Pedro Portal<\/p>\n<p>            pportal@miamiherald.com<\/p>\n<p>The question of how to help Cuba\u2019s transition and reconstruction once there is a transition toward democracy brought together a group of Cuban-American academics, businesspeople, engineers and architects in Miami, who proposed strategies to restore and rebuild the country.<\/p>\n<p>Attracting private capital to promote development on urgent problems \u2014 such as the severe energy crisis and water shortages \u2014 was the common theme of the forum \u201cRebuilding Cuba\u2019s Infrastructure as part of the Transition to Democracy\u201d, held Wednesday, July 22 at Miami\u2019s American Museum of the Cuban Diaspora.<\/p>\n<p>A decaying, obsolete infrastructure that has seen no investment or maintenance would be the biggest obstacle to a new Cuba\u2019s progress.<\/p>\n<p>Besides the Cubans on the island who long for change, the<a target=\"_blank\" rel=\"Follow nofollow noopener\" href=\"https:\/\/www.miamiherald.com\/news\/local\/community\/miami-dade\/article315983897.html\"> greatest capital Cuba has is the those living abroad<\/a>, which the Cuban regime has historically excluded from investing in the country, said experts who addressed the energy crisis, water scarcity and the neglect of roads, rail lines and airports.<\/p>\n<p>At the same time, they highlighted Cuba\u2019s potential to receive millions of tourists and the possibility of incorporating the most modern technology from the outset in industries and sectors that will have to start from scratch.<\/p>\n<p>Rafael Romeu, president of the Association for the Study of the Cuban Economy, a nonprofit non-political organization founded with the mission of studying the operation and structure of the Cuban economy, emphasized the importance of creating a legal framework to stimulate private investment during the transition and reconstruction.<\/p>\n<p>\u201cA government is needed that allows the diaspora to get involved in the reconstruction,\u201d said Romeu, who is also a senior associate at the Center for Strategic and International Studies, a bipartisan, nonprofit policy research organization and think tank analyzing global issues based in Washington D.C.<\/p>\n<p>Cuba cannot turn to international organizations like the International Monetary Fund\u2014from which it withdrew in 1964\u2014for money to help its economy recover. Waiting for international organizations for help could lead to chaos and suffering for the Cuban population, which would face worsening conditions such as hyperinflation and dollarization in the black market and the collapse of essential services, Romeu said.<\/p>\n<p>                                          <img decoding=\"async\" class=\"responsive-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/MIA_105CubaInfraestruct22NEWPPP.JPG\"   width=\"1200\" height=\"750\" title=\"MIA_105CubaInfraestruct22NEWPPP.JPG\" alt=\"Dr. Rafael Romeu, President and CEO of DevTech, was among a group of experts who spoke at the American Museum of the Cuban Diaspora, during a forum titled \u201cInitiative for Democratic &amp; Economic Alternatives for Cuba\u201d focused on \u201cRebuilding Cuba's infrastructure as part of the transition to Democracy.\u201d hosted by the museum in Miami, on Wednesday July 22, 2026.\"\/>                                                                                    Dr. Rafael Romeu, president of the Association for the Study of the Cuban Economy, was among a group of experts who spoke at the American Museum of the Cuban Diaspora at a forum titled \u201cRebuilding Cuba&#8217;s infrastructure as part of the transition to democracy\u201d on Wednesday July 22, 2026.                                                                                            Pedro Portal                                                                            pportal@miamiherald.com                                                                                        <\/p>\n<p>Romeu proposes a first phase of humanitarian aid to respond immediately to the urgency of the situation, such as the <a target=\"_blank\" rel=\"Follow nofollow noopener\" href=\"https:\/\/www.miamiherald.com\/news\/nation-world\/world\/americas\/cuba\/article316401356.html\">collapse of the electrical grid<\/a>, the crisis in the water supply and the <a target=\"_blank\" rel=\"Follow nofollow noopener\" href=\"https:\/\/www.miamiherald.com\/news\/nation-world\/world\/americas\/cuba\/article314760317.html\">health system<\/a>.<\/p>\n<p>Financing to restore most sectors of the Cuban economy would come from a combination of public and private funds. The fundamental goal, however, should be to incentivize private investment to achieve the necessary changes that guarantee long-term development.<\/p>\n<p>To achieve currency stabilization Romeu proposes dollarizing the Cuban economy.<\/p>\n<p><a target=\"_blank\" rel=\"Follow nofollow noopener\" href=\"https:\/\/www.cibercuba.com\/noticias\/2026-07-23-u1-e199370-s27061-nid335942-reconstruir-cuba-costaria-375000-millones-dolares\">Rebuilding Cuba would cost billions<\/a>, and that\u2019s when \u201cthe venture capital guys\u201d would come into play, Romeu said.<\/p>\n<p>Tourism, one of the most attractive sectors for investors, could draw 7 to 10 million visitors a year. That would be a huge leap for the island\u2019s industry, which <a target=\"_blank\" rel=\"Follow nofollow noopener\" href=\"https:\/\/apnews.com\/article\/cuba-tourism-drop-us-venezuela-economy-a75e492eba3390ddb5e81eb9d9443f1d\">received only 359,491 visitors between January and May 2026<\/a>, a 58% decrease compared to the previous year.<\/p>\n<p>\u2018Zero hour\u2019<\/p>\n<p>The energy crisis is the most pressing issue in Cuba, which is at \u201czero hour,\u201d said Jorge Pi\u00f1\u00f3n, senior research fellow at the the Austin Energy Institute of the University of Texas. Solving it is not only fundamental to Cubans\u2019 daily lives, but also essential to attracting investment in the future.<\/p>\n<p>\u201cWithout energy there is no country,\u201d Pi\u00f1\u00f3n said. \u201cCuba needs reliable, clean energy. That is the foundation for the country to position itself in the 21st century.\u201d<\/p>\n<p>The scholar sees Cuba\u2019s future in natural gas, an energy source the Cuban government already exploits in partnership with the Canadian company Sherritt International.<\/p>\n<p>The extraction of natural gas at the Canas\u00ed and Puerto Escondido fields in Santa Cruz del Norte provides around one million cubic meters daily for electricity generation, official island media reported in May.<\/p>\n<p>\u201cCuba should gradually eliminate crude oil refining operations and convert existing refining facilities into open-access, common-use petroleum terminals,\u201d Pi\u00f1\u00f3n proposes in the study \u201cCuba\u2019s Transition Toward an Open Access Fuels Distribution and Marketing System,\u201d published by the New York University School of Law.<\/p>\n<p>That would eliminate the cost of modernizing refineries and reduce the environmental impact that could affect the development of the cruise industry. At the same time, it would foster competition to achieve better fuel prices.<\/p>\n<p>Cuba would not be starting from scratch in the transition from refineries to storage terminals because it already has a national network of oil ports such as Mariel, La Habana, Matanzas, Nuevitas, Moa, Santiago de Cuba, Cienfuegos and Nueva Gerona. There is also a precedent in Puerto Rico\u2019s successful transition from closed refineries to fuel storage facilities, he said.<\/p>\n<p>Pi\u00f1\u00f3n also proposes the use of renewable energies, such as solar, and producing ethanol from sugarcane, as Brazil does.<\/p>\n<p>The water crisis<\/p>\n<p>The long daily lines of desperate Cubans with containers to collect water could take up to two years to resolve, experts said.<\/p>\n<p>The country has aquifer resources and 59 water treatment plants on paper, but most of them do not function or operate at low capacity.<\/p>\n<p>There is a shortage of treatment chemicals and equipment, broken pump and, poor-quality filters. The main disinfectant used is chlorine gas, which has a high degree of toxicity, said engineer Josenrique Cueto, former director of the Miami-Dade Water and Sewer Department and former director of the Cuban American Association of Civil Engineers.<\/p>\n<p>Cuba also has problems with wastewater infrastructure. Most of the country lacks a public drainage network and relies on septic tanks to dispose of wastewater, Cueto said.<\/p>\n<p>The first phase to resolve the crisis would focus on restoring the treatment and pumping of potable water and improving the pipe network, prioritizing hospitals, densely populated cities and vulnerable communities.<\/p>\n<p>At the same time, an assessment would be made of the scope of repairs and investments needed to make the system function.<\/p>\n<p>Rehabilitation phases would take 2 to 5 years, modernization up to 10 years, and expansion\u2014which would include enlarging treatment facilities in major cities and providing for industry and agriculture\u2014would take more than 10 years, Cueto said.<\/p>\n<p>Transportation headache<\/p>\n<p>Transportation is one of the most serious problems Cubans have traditionally faced, though it has been overshadowed by more basic needs like electricity and water.<\/p>\n<p>The island has two main roads, the Central Highway, built before the revolution, and the National Highway, which is unfinished. Fatal accidents on neglected roads are almost daily news, with horse-drawn carts sometimes sharing space with old\u2014and scarce\u2014automobiles.<\/p>\n<p>Engineer Carlos Pe\u00f1\u00edn, founder and president of the firm C.A.P. Government, Inc., which specializes in services for construction departments of government agencies, said at the forum that 70% of the roads in Cuba are in poor condition.<\/p>\n<p>There is potential for transportation development in Cuba, but it would require a major investment to have an economic impact, said Pe\u00f1\u00edn, former president of the Board of Directors of the Miami-Dade Expressway Authority and of the Transportation and Expressway Authority Membership of Florida.<\/p>\n<p>Port needs<\/p>\n<p>Cuba has 30 ports, including Mariel and the aging facilities in Havana and Santiago de Cuba.<\/p>\n<p>The good news, experts say, is there is demand for cruise calls to Cuba, which was shown starting in 2016 following the diplomatic thaw promoted by the Obama administration.<\/p>\n<p>Starting from scratch in transportation would be an advantage for the island, which could implement the most modern benefits from the outset, experts said.<\/p>\n<p>To modernize airports, an investment of $8 to $10 billion over 15 years would be needed to bring them up to international standards, said architect Willy Bermello, chairman of the board of Bermello Ajamil &amp; Partners Inc., based in Coral Gables.<\/p>\n<p>A leap to 5G<\/p>\n<p>For Cubans who walk blocks searching for a spot to get a good connection on their cell phones, the promise of bringing mobile networks to 5G would be music to their ears.<\/p>\n<p>\u201cIncreasing coverage and transitioning to 5G would boost Cuba\u2019s economy,\u201d said Jes\u00fas Lebe\u00f1a, senior vice president of corporate operations at MasTec Communications Group, based in Coral Gables.<\/p>\n<p>Lebe\u00f1a envisions a change in which all Cubans have access to voice, text and data with international connectivity without restrictions.<\/p>\n<p>And the plan can be achieved in less than three years, he said, adding that Cuba must be connected to the United States and other countries via fiber optic cable. That could be accomplished by forming partnerships with telecommunications companies and having multinationals compete in bids to obtain better prices for consumers. Starlink, the internet satellite service, would be available on the island without prohibitions, not as it is now.<\/p>\n<p>The influx of tourists that could come to the island once change occurs would represent a big business opportunity for telecommunications companies, he added.<\/p>\n<p>\u201cCuba would position itself to be a data center in the Caribbean,\u201d Lebe\u00f1a said.<\/p>\n<p>Marcell Felipe, president of the American Museum of the Cuban Diaspora, invited attendees to \u201cvisualize\u201d the change. He pointed out that talent and capital to invest exist in exile.<\/p>\n<p>\u201cAll of this depends on an essential issue, which is regime change,\u201d he said. \u201cThat is not going to happen while the Castro family, the D\u00edaz-Canel family are in charge of that system.\u201d<\/p>\n<p>                <a href=\"https:\/\/www.miamiherald.com\/profile\/218531655\/\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n                        <img decoding=\"async\" class=\"author-thumb\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/1785134416_839_IMG_119_Sarah_Moreno_sig_2_1_ODE7ER7D_L408676228 Cropped.jpg\" width=\"400\" height=\"400\" alt=\"Profile Image of Sarah Moreno\" loading=\"lazy\"\/><br \/>\n                    <\/a><\/p>\n<p>                <a class=\"author-name\" href=\"https:\/\/www.miamiherald.com\/profile\/218531655\/\" rel=\"nofollow noopener\" target=\"_blank\">Sarah Moreno<\/a><\/p>\n<p>                    el Nuevo Herald<\/p>\n<p>            Sarah Moreno cubre temas de negocios, entretenimiento y tendencias en el sur de la Florida. Se gradu\u00f3 de la Universidad de La Habana y de Florida International University. @SarahMoreno1585\n            <\/p>\n","protected":false},"excerpt":{"rendered":"Attorney Marcell Felipe, far left, speaks to a group of experts to the American Museum of the Cuban&hellip;\n","protected":false},"author":2,"featured_media":353396,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124],"class_list":["post-353395","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/353395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=353395"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/353395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/353396"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=353395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=353395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=353395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}