NGE and Partners Secure $110m Additional Funding for Uruguay’s Ferrocarril Central Rail Project

NGE Concessions, along with its shareholder partners SACEEM, Sacyr Concesiones, and BERKES, has secured an additional $110 million in financing for the Ferrocarril Central rail project in Uruguay. This funding reinforces the financial stability of the project, which began operations in December 2023 and was officially inaugurated in April 2024. The railway line is now fully operational for freight, with UPM managing operations from its pulp mill. The project has also entered a 22-year maintenance period, underscoring its long-term commitment to Uruguay’s infrastructure development.

 The latest round of funding includes 65 million from Allianz Capital Partners and $45 million in Indexed Units from CAF Asset Management. This financial support highlights NGE’s ability to engage both international and local partners in large-scale infrastructure projects, further solidifying its role in Uruguay’s sustainable development.

The consortium Grupo Vía Central, comprising NGE and its partners, has emphasized the project’s alignment with Uruguay’s ecological transition goals. The additional funding will bolster the railway’s operational efficiency and maintenance, ensuring its contribution to the country’s economic and environmental progress. This move reflects NGE Group’s broader strategy to invest in infrastructure that supports sustainable development and ecological transformation in its operational regions.