PPP Educativa 2

in implementation

As part of its strategic plan to develop the country's educational infrastructure, the Government of Uruguay is implementing a four-package educational infrastructure program to be developed through Public-Private Partnership (PPP) Contracts. PPP Educativa 2 is the second of these packages. It includes the design, financing, construction, operation, maintenance, and equipment—by the Concessionaire—of 23 schools, 9 technology centers and 10 sports centers. The works will be distributed in the Districts of Artigas, Canelones, Cerro Largo, Colonia, Durazno, Maldonado, Montevideo, Paysandú, Río Negro, Rivera, Rocha, Salto, San José, Tacuarembó, and Treinta y Tres.The total cost of PPP Educativa 2 amounts to the equivalent of approximately 804 million Indexed Units. The Concessionaire will be entitled to an availability payment as each center is completed, a percentage of which will be dollar denominated. IDB Invest will participate in the project through a 20-year dollar-denominated senior loan of up to approximately US$25 million, to finance the portion of the initial investment denominated in said currency. The loan will be repaid with the dollar portion of the availability payment.