Skip to main content

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.

Related Content

  • IRF cooperation agreement with Columbia
    February 9, 2012
    IRF Washington announces strategic cooperation agreement with the Colombian Chamber of Infrastructure The IRF Washington Program Center (IRF WPC) and the Colombian Chamber of Infrastructure (CCI) have announced their intent to sign a Memorandum of Understanding (MOU) to cooperate on technology transfer, training and dissemination of best-practices in Colombia
  • Australia's huge transport investment
    February 29, 2012
    The Australian Government is allocating additional funding to renew its infrastructure and to improve transport in the major cities work in its 2011-12 budget.
  • Infrastructure expansion will boost world growth
    October 11, 2013
    A report published by HSBC suggests that global infrastructure-related trade growth will double worldwide economic expansion and will triple in size by 2030. The report also suggests that Brazil and Mexico will drive the rise in imports and exports of infrastructure-related goods in Latin America, according to Business News Americas. HSBC said that between 2013 and 2030, infrastructure-related trade looks set to grow at an average of 9%/year. It will also see a rise in its share of overall merchandise trade
  • Public Private Partnerships for Roads Development
    May 29, 2018
    Key to Bridging the Road Investment Gap. There remains a very large gap between the world’s infrastructure needs to meet population and economic growth, and the public sector’s ability to procure commensurate funding. In the road sector, major consulting house McKinsey estimates investments need to be US$900 billion/year to keep pace with projected growth while current levels of investments fall short of this figure by $180 billion globally. Private finance is increasingly perceived as one of the main lever