Spain: Ciudad Real airport on sale for 100 mln euros

Made during housing bubble, it cost 410

16 October, 10:50

    (ANSAmed) - MADRID, OCTOBER 16 - Spain's Ciudad Real airport is on sale for 100 million euros, judicial sources said on Wednesday. The price has been set as part of a liquidation plan outlined by the tribunal of Castilla-La Mancha, the sources said.

    Construction on the airport began in 1997. It was one of the most important projects during the housing bubble and was meant to create an alternative to Madrid's Barajas airport as a regional hub for cargo planes. Fifteen years later, it became a symbol of abandon after its shutdown on April 2012.

    The price set at 100 million euros is 75% less than the investment made for its construction estimated at 410 million euros. No bid to buy it has been presented yet though Chinese and Arab groups could be interested, according to local sources.

    (ANSAmed).

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