GOVERNMENT GRANTS FUNDS TO CORVERA

Though shrouded in controversy, whilst eagerly awaited by some, the new Murcia Regional Airport at Corvera has been given another lifeline, as the Spanish government has announced public funding to the tune of 40 million euro.

Although almost completely ready to operate, the completion had been paralysed since 2012, but now, with this additional funding provided by the Instituto de Crédito Oficial, towards part of a syndicated loan with La Caixa, Banco Espirito Santo and Bankia, among others, in favour of airport concessionaire Aeromur, for 200 million euro.

Before investing more in the project again, the entities require the regional government and the concessionaire to sign a new contract for the operation of the airport. “We are negotiating and that is an improvement on a few months ago but not mean we will agree with Aeromur”, said a source from the regional government.

The concessionaire led by Sacyr requires secure financial stability guaranteed by the regional parliament of the airport by law. Thus, the administration would be required to compensate for losses.

However, if all does go to plan, it is once again possible that the airport could be fully operational by the end of 2014.

Filed under: http://www.theleader.info/article/41884/

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