Spain: airport on sale with 89% discount

Ciudad Real was shut down three years ago, it cost 450 million

24 February, 12:13

    The airport of Ciudad Real, south of Madrid, shut down three years ago for lack of traffic and passengers The airport of Ciudad Real, south of Madrid, shut down three years ago for lack of traffic and passengers

    MADRID - A Spanish airport which cost 450 million Euros 8 years ago and was shut down three years ago, was put on sale at a price of 50 million Euros with a 89% discount on building expenses, the Madrid press reported.

    The cost of the Ciudad Real airport, south of the Spanish capital, was established by the Spanish tribunal which is managing the assets of the bankrupt company which used to run it.

    The receivers set up an auction for the airport last year but the only offer that came through was by a Chinese group, it was worth only 10 million Euros and the auction was annulled.

    The Ciudad Real airport, built in the years of the Spanish economic boom before the property bubble burst, was closed in 2012 for lack of traffic and passengers.

    According to El Mundo, the judge of Ciudad Real, Carmelo Ordonez, ordered the companies interested in running the airport to present a sustainable plan for its reactivation.

    © Copyright ANSA - All rights reserved

    Business opportunities

    The information system of business
    opportunities abroad

    News from Mediterranean