Montes del Plata held the official opening of the workers neighbourhood in Colonia del Sacramento and the Housing Centre in Carmelo that will be used by those working in the construction phase of the company cellulose pulp industrial mill in Conchillas.

Montes del Plata`s planned industrial production at Punta Pereira, the largest private investment in Uruguayan history, will significantly boost the country`s economy, especially after the pulp mill starts production, but also during the construction phase.

The Inter-American Development Bank and Finnvera, the Export Promotion Agency of the government of Finland, agreed to loan USD 1,354 million to Montes del Plata, a joint venture between Arauco and Stora Enso.

Montes del Plata granted the medical services supplier bid to Hospital Evangélico to provide medical assistance to workers participating in the construction of its pulp mill in Conchillas.

Berrutti, a company with a long-standing history in Colonia`s transport sector, was awarded a bid to provide passenger transport services for the duration of the construction of the Montes del Plata pulp mill.

High ranking Montes del Plata and Ministry of Transportation and Public Works (MTOP) officials signed an agreement on Friday to define conditions for an extension to Route 55.