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.
New PPP for the upgrade of public education infrastructure
Uruguay launched a new PPP for the upgrade of public education infrastructure, a USD 60 M project. The tender conditions have been issued and the deadline for bids is set for August 21, 2017, and financial closing is scheduled for Q4 2017. The project entails the construction of 23 schools, 10 sports centres and 9 technology centres across the country. It will have a 22 year concession period, and it is the second education PPP in Uruguay to be launched (the first one, worth USD 65 M, was launched in December 2016, with the opening of bids scheduled for May 15th, 2017).
The World Bank’s Board of Executive Directors approved the project “Additional Financing: Uruguay Road Rehabilitation and maintenance program”
The IBRD Loan provides up to USD 70 million with a maturity term of 17.5 years (grace: 5 years). The program’s goal is to improve the conditions of Uruguay's road networks (which is being upgraded under this, and other PPP schemes) and enhance road sector management.
Uruguayan economy grew 1.1% during the third quarter
Uruguayan economy grew 1.1% during the third quarter, well above the revised 0.2% sluggish increase in 2016Q2. Real GDP expanded 2.0% y/y in 2016Q3, its fastest pace since 2015Q1. According to the latest Central Bank’s survey, analysts revised upwards their growth forecast for 2016 to 1.3%, from previous 0.4%. In addition, the Japanese credit rating agency Rating and Investment, affirmed Uruguay`s (“BBB-”) rating, while keeping the positive outlook.