The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved a $200 million Global Multiple Works (GOM) loan to finance rehabilitation and maintenance activities on Routes 8, 13, 39, and 15 of Uruguay’s National Road Network, according to a press release issued on November 03, 2026 from Washington. The financing targets the country’s core transport corridors through a results-based contracting approach. It marks a further step in the IDB’s cooperation with Uruguay on infrastructure. The operation also seeks to reinforce national connectivity and competitiveness. It consolidates a program designed around long-term road asset management.
The loan will finance fifth-generation Rehabilitation and Maintenance Contracts (CREMA), part of the public policy of the Ministry of Transport and Public Works (MTOP) aimed at improving the efficiency of public spending on road infrastructure. Implementation will be coordinated with the Uruguay Road Corporation (CVU). The initiative builds on an institutional model that Uruguay has refined through successive CREMA generations. It reflects the government’s ongoing effort to preserve road assets while containing costs. The program is embedded in a broader national road strategy.
The contracts are expected to run for seven years and will be structured in two phases. The first phase, lasting about two years, will focus on infrastructure works and pavement rehabilitation. The second phase, extending for five years, will concentrate on maintaining established quality standards. The IDB-supported program also includes institutional changes aimed at improving road planning and strengthening road asset management. Together, these elements link physical works with policy and management reforms.
“Maintaining roads to the highest standards is key to strengthening competitiveness and connectivity nationwide. This operation reflects one of the priorities of our new Country Strategy: supporting Uruguay in ensuring that its infrastructure investments boost productivity, improve connectivity across the country, and deepen regional integration,” said Miguel Porrúa, IDB Group Representative in Uruguay. His remarks underline the alignment of the loan with the IDB’s broader strategic framework for the country. They also highlight productivity and regional integration as central objectives. The quote frames the program within national development priorities.
The operation is the second under a Conditional Credit Line for Investment Projects (CCLIP) approved in 2025 to optimize public spending, improve road asset management, and preserve the country’s road network, thereby promoting sustainable economic growth. It is aligned with the IDB Group’s South Connection initiative, which seeks to promote connectivity, facilitate trade, and foster sustainable growth in South America. The $200 million Global Multiple Works loan carries a 22.5-year repayment term and an eight-year grace period. Its interest rate is based on SOFR. The financing package consolidates Uruguay’s long-term approach to road preservation.