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BID Invest announced financing of up to USD 30 million to Grupo RAS to support the expansion of the Ruta 5 Industrial Park (PIR5) and other investments in logistics infrastructure and strengthen rail freight transport in Uruguay.
The operation will support the start of operations of the railway fleet that will connect PIR5 with the Port of Montevideo and localities and industrial areas in the interior of the country via the Central Railway.
The financing will allow for the expansion of PIR5's operational and storage capacity, improve transport between industrial zones and the country's main port, reduce costs, increase logistics reliability, and strengthen multimodal integration in Uruguay.
The planned investments will boost local and international trade, generate employment, and contribute to consolidating Uruguay as a strategic regional hub, and will help improve the resilience and efficiency of the logistics and transport system. The plan is aligned with the BID's "Conexión Sur" program, which seeks to promote connectivity, facilitate trade, and sustainable growth in South America.
The operation includes the mobilization of USD 15 million from the Trust Fund for Latin America and the Caribbean (TADAC) of the Japan International Cooperation Agency (JICA), support that allows for expanding and diversifying financing sources under competitive conditions.
In addition to the financing, BID Invest will support Grupo RAS in strengthening its corporate governance practices and in adopting operational standards aligned with good international practices. This support will contribute to consolidating the group's institutional capacity and enhancing the long-term impact of the investment.
Source: portalportuario
