Rover Concesiones closes the financing of the concession of a road in Uruguay worth US$106 million

The operation has been funded with 106 million dollars by BBVA, Banco de la República Oriental del Uruguay (BROU) and the Inter-American Investment Corporation (IDB). The contract involves the construction of nearly 80 kilometers of highway with an investment of US$144 million and a 20-year concession term.

The value of the project, including the operation and maintenance of the roads, amounts to US$144 million and its funding has been made possible by agreements reached with BBVA, Banco de la República Oriental del Uruguay (BROU) and the Inter-American Investment Corporation (IDB).

Rover Infraestructuras, a company comprising Rover Group, will be in charge of the construction of nearly 80 kilometers of roads and their subsequent maintenance and upkeep. For this purpose it has signed a partnership with the Uruguayan company Construcciones Viales y Civiles S.A., with which the company "circuito 6 Cuchilla Grande" has been constituted, composed by both companies for the development of the stated actions.

The project involves the construction of nearly 80 kilometers of road between the towns of Belloni and San Ramón, in the Department of Canelones, also affecting the Departments of Montevideo (to the south) and Florida (to the north). Most of the route covers the existing road, except in the vicinity of the town of San Ramón, where a by-pass will be built to the east of the urban center. Along with the road works, the contract also involves the widening and reinforcement of 10 existing bridges and the construction of an additional 6 new bridges.