Uruguay plans US$500mn for roads next year

Thursday, December 7, 2017

Uruguay will spend US$500mn on constructing and repairing roads and highways next year, up from a record US$460mn during 2017 and half that amount last year, said public works and transport minister Víctor Rossi.

On the public-private partnership projects his ministry is planning, Rossi said in a statement that they are advancing "a bit too slow for our taste" but that he expects those works will start in 2019.

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In October, consortium Rutas del Litoral started work on an US$80mn project to rehabilitate and operate routes 21 and 24, which was Uruguay's first highway PPP project.

Rossi also said that next April he will hold a meeting with all relevant parties in the local civil and commercial aviation sector to define common objectives and strengthen cooperation.

The minister added that by mid-2018 a long-term master plan would be announced for Montevideo port.