In recent years, Uruguay has been strengthening its PPP legal framework, with a number of government decrees working to supplement the PPP law that passed in August 2011. The PPP law applies to transport infrastructure and alternative energy projects but not to the water sector, and includes practices such as value-for-money and cost-benefit analyses, risk allocation, assessment of fiscal risk, and establishes a process for identifying and planning projects. Uruguay has consolidated their PPP oversight, beginning operations at a newly established PPP unit within the Ministry of Economy and Finance. Financial feasibility is evaluated by the Office of Planning and Budget
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