Investment project in Montevideo to build an Island

According to Latinapress, the Uruguayan government approved an investment project in Montevideo to build an island with a marina and land of thirty-six hectares, four hundred and fifty meters off the coast of Montevideo. It is planned to build a marina that can accommodate three hundred boats and thirty-six plots of land. The initiative has already been approved by President Luis Lacalle Pou and the Minister of Transport and Public Works, José Luis Falero. It is a real estate project presented by the company “Jirkel SA” and named “Project mvd360”: an investment of about two billion US dollars and of “great interest”, because “it would contribute to the hierarchy of the city in general and the Montevideo promenade in particular, and would expand the port offer of the city to connect it even better with the region”, says the decree.

The plan includes widening the Rambla by three kilometers and building a four hundred and fifty meter long bridge to access the island by car. The project was presented to the Ministry of Transport and Public Works at the end of 2021 and forwarded to the Presidency in March of this year. The initiative would have three hundred berths for boats and thirty-six lots. Construction would take four years in its initial phase and ten years until completion. It would also create 4,500 jobs.

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