Plans for new Uruguay road projects

Uruguay requires more investment in roads, according to a report conducted by the economic studies centre for the construction industry, Centro de Estudios Economicos de la Industria de la Construccion (Ceeic). The report highlights a reported gap in road infrastructure investments in Uruguay in the period between 2000 and 2013. The country invested some 4.5% of GDP in roads, equivalent to around US$2.52 billion but adds that the government should invest around 7% of the GDP or almost $4 billion to repair a
December 19, 2014 Read time: 1 min
Uruguay requires more investment in roads, according to a report conducted by the economic studies centre for the construction industry, Centro de Estudios Economicos de la Industria de la Construccion (Ceeic). The report highlights a reported gap in road infrastructure investments in Uruguay in the period between 2000 and 2013. The country invested some 4.5% of GDP in roads, equivalent to around US$2.52 billion but adds that the government should invest around 7% of the GDP or almost $4 billion to repair and maintain the national road network over the next five years. Other aspects highlighted in the report include the fact that overall investments between 2008 and 2010 were mainly directed at new roads, whereas a record figure of $250 million was spent on maintenance in 2013. However, this figure was not sufficient compared to the GDP growth.
Road Structures Maintenance

Related Content

  • The new agile world of the construction equipment industry
    June 22, 2015
    while worldwide for 2015 a crystalball would be helpful, in Europe the sector has already listed specific priorities it wants to tackle, and among these are the upcoming emissions regulations (see separate story), external trade and access to foreign markets, and market surveillance.
    Read More
  • CECE sees equipment sales improve in Europe
    February 29, 2012
    The latest available data regarding the European construction equipment market suggests that the machinery market is improving.
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More

Highlighted Content