Circuito 5 Toll Road concession

Active

Prospective

This project involves the design, build, rehabilitate, operate and maintain concession of Circuito 5 Toll Road, located in Rocha, Florida and Lavalleja departments, Uruguay. The total longitude is 184km and it combines works on both Route 14 and Route 15. The special purpose vehicle is "Autovías Cinco S.A." and it consists of Aldesa Construcciones, Ramon C. Alvarez and Coalvi Renovables y Martin Javier S.A. The DBFO concession is signed for 20 years with a construction period of approximately 36 months. The concession is funded through availability-based payments and requires total investments of $322 million, including an initial investment of $202 million, in addition to other complementary investments of $130 million. IDB Invest is providing a $54 million loan. The financing component of the project is completed with the participation of Banco de la Republica Oriental del Uruguay and Santander, totaling a financial package of approximately $138.2 million, and by the sponsor’s own capital. Financial close was achieved on 8 April, 2022. Realfin https://www.idbinvest.org/en/news-media/idb-invest-improves-uruguays-transport-network-road-circuit-5 https://www.ppv.com.uy/en/economy/uruguayan-road-project-gets-us137-million-financing-2/ https://thelatinamericanlawyer.com/ppv-counsels-on-137m-financing-for-circuito-vial-5/ https://www.gub.uy/ministerio-economia-finanzas/politicas-y-gestion/proyecto-corredor-vial-circuito-5 IJGlobal: Uruguay signs highway PPP BNAmericas: IDB Invest provides financing for U$332m road PPP in Uruguay https://www.dentons.com/en/insights/articles/2022/january/20/dentons-jimenez-de-arechaga-advised-autovias-cinco

Transport

World Bank Group

Project

Road, Commercial, Government, Manufacturing (Industrial), Automotive