MADRID (AP) .- One of the “ghost airport” of Spain – expensive projects with little or no use – received a single bid in a court auction. Its construction cost around 1,100 million euros (1,200 million dollars). The buyer’s offer. 10,000 euros
The airport of Ciudad Real, about 235 kilometers (150 miles) south of Madrid, became a symbol of the waste of public funds during the boom sector construction that ended with the financial crisis of 2008, the year in which the airport was inaugurated. The facility operator went bankrupt in 2012 after failing to attract enough traffic.
The Chinese group Tzaneen International submitted the only bid in judicial sale held on Friday, according to Spanish news agency Europa Press. The minimum selling price had been set at 28 million euros, but if a better offer does not come before September, the process will continue, he said.
Tzaneen International have plans to invest up to 100 million euros and convert the infrastructure at an airport in goods. The offer is only for the aerodrome facilities, not the adjacent land.
The runway of Ciudad Real is one of the longest in Europe and the airport was designed to receive 2.5 million passengers a year.
The construction was largely financed by the savings bank Caja Castilla La Mancha _ the first of the Spanish financial institutions, suffocated by their accounts, needed a government bailout in 2010.
Another Spanish airports that symbolize empty waste of public resources that era is in Castellon, on the east coast. It cost around 150 million euros and was inaugurated in 2011.
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