Aberdeen Standard Investments has acquired a public-private penitentiary project from Teyma Uruguay, marking the first sale of a PPP in the country.

Target Information

Teyma Uruguay, a key player in infrastructure development, has successfully executed a public-private partnership (PPP) project involving the construction and management of a penitentiary facility in Uruguay. Awarded in 2015, this project was undertaken by a consortium led by Teyma Uruguay, holding an 85% stake, alongside Goddard Catering Group, which held the remaining 15%. The project focuses on creating a modern penitentiary complex that not only serves detention purposes but also emphasizes rehabilitation and sustainable operations.

The contract established by the Uruguayan government requires the construction of the penitentiary and provision of essential services, such as inmate meal supply, which is compensated through availability payments. This arrangement underscores the innovative approach of combining public need with private sector efficiency.

Industry Overview in Uruguay

The penitentiary management sector in Uruguay has undergone significant transformation over the past decade, particularly with the introduction of public-private partnerships. This tre