Uruguay: NGE and its partners secure additional financing of 110 million dollars for the Ferrocarril Central
Montevideo, October 10, 2024 — NGE Concessions, with its shareholder partners Sacyr Concesiones, SACEEM, and BERKES, announces the successful closing of a 110 million dollars financing for the Ferrocarril Central project. Commissioned in December 2023 and inaugurated in April 2024, this railway line is now fully operational for freight transport, notably operated by UPM from its pulp mill. The maintenance period has commenced and will last for a period of 22 years.
This project, developed as a Public-Private Partnership (PPP), has already benefited from three successive financings amounting to 858 million dollars in 2019, 75 million dollars in 2020, and 250 million dollars in 2022. This fourth complementary financing is provided by Allianz Capital Partners (ACP) for 65 million dollars and by CAF Asset Management (CAF-AM) for the equivalent of 45 million dollars in Indexed Units (UI), once again demonstrating the attractiveness of the country, the project, and its sponsors to institutional investors. This operation, led by Grupo Vía Central, the consortium made of NGE Concessions and its partners, consolidates the financial foundations of the project while reinforcing its commitment to sustainable development in Uruguay.
This agreement further illustrates NGE’s ability to attract international and local financial partners for large-scale projects, actively participating in the financing, design, execution, and maintenance of this key infrastructure. The maintenance contract, lasting 22 years,