News / MegaProject 402: Madrid launches tender for Courts concession project

MegaProject 402: Madrid launches tender for Courts concession project

🕔 February 19, 2015

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The Government of Madrid has launched a tender process for the development of the second phase of the "Ciudad de la Justicia" in Madrid through a concession project.

The project, which will be carried out in an area of 200,000 m², involves the development and maintenance of new facilities to house 356 courts of the Judicial District of Madrid, 554 judges and magistrates, 202 prosecutors and 362 court clerks among others.

The total project investment is estimated at €483 million (US$550 million). The Community of Madrid will pay to the preferred bidder a fee of around €45 million (US$510.2 million) per year. The concession contract will be for a period of 30 years from commercial close.

Interested parties must submit their proposals on or before 1 April 2014. Construction works are scheduled to begin in July 2016 and the new facilities are expected to be operational by 2019.

The project will be located at the site where the Community of Madrid has already invested €288 million. The investment has included, among others, the development of the new Institute of Legal Medicine.

The government of Madrid has recently announced plans to develop a new regional airport trough a public private partnership (PPP) project as well. The project will be developed in the south of Madrid.  The concession contract would be for a period of 40 years and the total project investment is estimated at €230 million (US$262.1 million).

Tender documents can be found in the link below (Spanish):

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