Uruguay prepares US$300m rail plan

Uruguay is to invest in rail PPPs worth over US$300m.

The projects will be procured once the country’s private investment law is passed by congress, according to the country's National Development Corporation.

A bill to create the legislation will be submitted to congress later this month.

The schemes include repairs and upgrades on existing rail lines and have been drawn up by state-owned railway firm AFE.

The lines include Pintado-Rivera (US$90mn), Chamberlain-Algorta-Fray Bentos (US$100mn), Toledo-Nico Perez-Rio Branco (US$75mn) and Algorta-Paysandu-Salto (US$50mn).