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Outgoing Uruguay govt inks new infra PPP deal

Bnamericas Published: Friday, December 27, 2019
Outgoing Uruguay govt inks new infra PPP deal

Three months before leaving office, the administration of Uruguay's President Tabaré Vázquez signed a new public-private partnership contract.

The PPP contract is to finance, construct and maintain 23 primary schools, nine technical educational centers and 10 sports centers.

Total investment in the works, which will be in 16 departments, is US$72mn, according to the presidency. 

The contract adds to another 13 infra PPP projects currently underway involving US$1.9bn. The projects cover social, educational and transport infrastructure, such as the central railway.

"Uruguay has to look for mechanisms to further engage the private sector and enable progress in investments while not negatively impacting public accounts," said economy minister Danilo Astori in a statement.

Astori's remark come days after president-elect Luis Lacalle Pou criticized the current administration for the size of the fiscal deficit, which led to a public spat between Pou and Astori.

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