Ferrere advises on UIPPL PPP to build rehabilitation centre
Ferrere has advised UIPPL Libertad, a special purpose vehicle (SOE) managed by construction companies Saceem, Teyma and Ciemsa, on the execution of a public-private partnership (PPP) agreement with the Ministry of the Interior for the development of a rehabilitation centre to be built in the department of San José (Uruguay).
The project, to be financed with a USD 75 million loan, will have three units and capacity for 1,400 inmates.
The project includes the financing, construction, maintenance and operation of three new incarceration units for inmates, which will have 460 places each, as well as a health centre and common spaces for workshops and recreation.
The construction of the complex will take between 16 and 18 months and, once completed, the SOE will be responsible for its operation and maintenance for 15 years. This work, which will be financed with a USD 75 million loan from Banco Santander and Banco República Oriental del Uruguay (BROU), will expand the capacity of the Uruguayan penitentiary system.
The firm’s work, which included advising on the PPP contract negotiations, as well as the construction, operation and financing agreements, was coordinated with the in-house lawyers of the three construction companies: Augusto Formento (Ciemsa), Nicolás Horta (Teyma) and Federico Gianero (Saceem).
Ferrere’s team was led by partner Sebastián Ramos (pictured) and comprised Lucía Olloniego, Sofía Vidal and Andrés Buero.