en.Wedoany.com Reported - The Inter-American Development Bank (BID Invest) has provided up to $30 million in financing to Grupo RAS to support the expansion of the Route 5 Industrial Park (PIR5) in Uruguay, investments in logistics infrastructure, and the strengthening of the country's rail freight capacity.

These funds will be used to expand PIR5's operational and storage capacity, improve transportation between the industrial zone and Uruguay's main ports, with the goal of reducing logistics costs, increasing reliability, and strengthening multimodal transport integration. The operation will also support the launch of rail fleet operations connecting PIR5 with the Port of Montevideo (Puerto de Montevideo) and linking inland towns and industrial zones via the Central Railway (Ferrocarril Central).

The investment is expected to boost local and international trade, create jobs, and help consolidate Uruguay's position as a regional strategic hub. This initiative aligns with the Inter-American Development Bank's (IDB) "Conexión Sur" program, which aims to promote connectivity, trade facilitation, and sustainable growth in South America.

This financing also includes $15 million mobilized from the Japan International Cooperation Agency's (JICA) Trust Fund for Development in Latin America and the Caribbean (TADAC), which helps expand and diversify funding sources under competitive conditions. BID Invest will also support Grupo RAS in strengthening corporate governance practices by adopting standards aligned with international best practices, thereby consolidating the group's institutional capacity and enhancing the long-term impact of the investment.

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