Private initiative submitted for Uruguay's road PPP
Uruguay's Ministry of Transport has announced it has received an unsolicited proposal to upgrade and expand routes 14, 20, 26 and 55 through a public - private partnership (PPP) project.
The group is composed of nine companies: Colier, CSI Ingenieros, CVC, Díaz Álvarez, Hernández y González, Molinsur, Ramón C. Álvarez, Serviam and Tracoviax
The team of companies are said to invest together with an investment fund to create the "Fondo Vial", a SPV to invest in the project.
The total investment is estimated at US$557 million. The project involves the upgrade and expansion a total of 743.4 km alon routes 14, 20, 26 and 55. It also include the maintenance of the roads for a period of 10 years. The project aims to improve the east-west road connection.
The Government will now study the proposal and review its viability. If the proposal is tendered, the proposing team will have an advantage of 5 % in a potential tender process.
Uruguay recently approved a comprehensive PPP regulatory framework that will allow the further development of the public private partnership concept to develop infrastructure projects in the country.
Country news
-
-
May 26, 2014
Uruguay selects preferred bidder for prison PPP
Uruguay's first-ever prison PPP project was awarded to the consortium Unidad Punta de Rieles on 22 May 2014. Read more -
June 20, 2014
Tender for Aguas Profundas port in August
Uruguay's transport and public works ministry, Read more -
August 28, 2014
Corporacion america gets extension for montevideo airport concession
Puerta del Sur, a subsidiary of Corporación América, has secured a ten-year extension to its concession contract of Carrasco International Airport in Montevideo, Uruguay. . Read more -
November 24, 2014
Uruguay launches tender for road PPP project
The government of Uruguay, through the Minister of Transport and Public Works Enrique Pintado, has launched a tender process to develop three sections of the route 21 and 24. Read more -
March 10, 2015
Three bids in for Uruguay road PPP project
The Ministry of Transport and Public Works of Uruguay has received three proposals to develop three sections of the route 21 and 24. Read more
