Uruguay Mulls Up To $500M In Deals To Revamp Railways

Law360, New York (March 11, 2013, 6:52 PM EDT) -- Uruguay's state-run development agency is considering two massive railway projects worth up to $500 million that would rehabilitate the nation's rail network, the country's transportation ministry announced last week.

Corporacion Nacional para el Desarrollo, or CND, is currently reviewing proposals to revamp two lines — the Chamberlain-Algorta-Fray Bentos and the Montevideo-Rio Branco — through public-private partnerships as part of the country's 2010-15 strategic plan for overhauling its railways.

These deals could bring in between $400 million and $500 million, according to the transportation and public works...
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