Is one of Uruguay’s leading law firms, assisting hundreds of companies and individuals doing business and investing in Uruguay. With a multi-disciplinary team of lawyers, conveyance attorneys, MBAs, and tax accountants, Fischer & Schickendantz prizes its focus on providing a one-stop solution to corporate leaders, both local and from overseas. A full-service law firm, our practice is divided into six core units: Corporate, Real Estate, Litigation, Tax & Incorporation, Immigration Law and Agribusiness, providing the highest level of service and expertise.
First international public tender for construction of social-education infrastructure under the PPP system
Uruguayan Government announced the first international public tender for construction of social-education infrastructure under the PPP system, which will take place in November 2016. It shall cover the construction of 165 Educational Centers (early childhood, primary, secondary and technical) for USD 400 million and 60 Early Childcare Centers (CAIF) for USD 30 million. This first call includes construction of 44 children’s educational centers –kindergartens- and 15 CAIF centers, with a 20 years term. The project is based on the designing, financing and building of the centers, providing routine maintenance for infrastructure, and covering daily cleaning service. Reported schedule: November 2016, with a term of five months to submit bids, four months for provisional award and six months for final award.
Japanese shipping company Mistsui O.S.K Lines will begin operating in Uruguayan waters in 2018
Japanese shipping company Mistsui O.S.K Lines will begin operating an offshore-liquefied natural gas receiving and storage unit in Uruguayan waters in 2018. The floating storage regasification unit, or FSRU, will store liquefied natural gas (LNG) sent from the Middle East and the U.S. via specialized carriers. The unit will feed the LNG to power stations and other sources on the mainland through a pipeline after returning the material to gaseous form. The floating terminal is expected to supply gas to Argentina and other countries from the region.
Tender for Uruguay's Circuit Three road PPP got under way last week
The project, which is also known as Route 14 WestCentre, has a capex of US$93 million. It is the latest project to be tendered under Uruguay's 260km DBFOM road programme. The RFP deadline is 15 September. Two additional projects are currently in procurement: Circuit One (Routes 12, 54, 55 and 57 - US$62 million) and Circuit Two (Routes 9 and 15 - US$55 million). The bid deadline for the Circuit One project was 13 June, with two groups submitting offers: Ramón C. Alvarez and Grupo Oriental One (CIEMSA and Traxpalco). The bidding deadline for the Circuit Two project is scheduled for 12 July. Financing for the road projects is expected to include institutional investors, including via the Latin America Development Bank's (CAF) US$500 million (£352.9m €445m) infrastructure debt fund. The IFC and the Multilateral Investment Guarantee Agency (MIGA) are also involved in the pipeline. Local commercial banks and local pension funds, are also likely to join in.