Montevideo tender scheduled for today

26-Jun-2003

The shares of Puerta del Sur, the current master concessionaire at Montevideo's Carrasco airport, are to be tendered today on the Uruguayan stock exchange at 11.00am Montevideo time.

The shares of Puerta del Sur, the current master concessionaire at Montevideo's Carrasco airport, are to be tendered today on the Uruguayan stock exchange at 11.00am Montevideo time. The government is looking to receive a minimum of $15m for the shares as well as an annual fee of $2m during the 20-year concession.
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(8-Aug-2003) - The Uruguayan government has issued a decree making several changes to the master tender to manage and operate Montevideo Carrasco International airport, now set for August 27 after a previous attempt failed to raise interest.
(28-Jun-2003) - URUGUAY. The government?s failed attempt to tender the master concession at Montevideo Carrasco airport has forced a rethink of the bid conditions for the contract.
(26-Jun-2003) - Today's auction for the master concession at Montevideo Carrasco airport attracted no bidders, forcing the Uruguayan government to rethink the terms of the contract before attempting to relaunch the process.
(27-Jun-2003) - After yesterday?s attempt to tender the master concession at Montevideo Carrasco airport attracted no bids, the Uruguayan government has announced that it will make another attempt on August 27, and would reconsider the tender conditions that many considered unrealistic given the economic situation.
(3-May-2003) - URUGUAY. Roberto Yavarone, sub Secretary of State at Uruguay?s Ministry of Defence, has confirmed that the tender to manage and operate Montevideo?s Carrasco International airport has been postponed for a second time.