Court rules sale of Ciudad Real airport

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Court rules sale of Ciudad Real airport

The Commercial Court of Ciudad Real, Spain, has ruled that the city's airport will be sold with no starting price after the final offering of €40 million failed to attract investors.

The court has decided to sell the airport divided in two parts: the airport facilities and the other includes the land surrounding the airport.

The first part to be sold, the airport, includes a 2.6 million m² terminal and a single runway, 4,000 m long and 60 m wide, capable of serving national and international commercial flights. The passenger terminal has capacity to handle a maximum of ten million passengers a year, and its cargo facilities a maximum of 47,000 tonnes a year. 

The facilities are located 200 km far from Madrid adjacent to the A-41 motorway.

The total project investment was €1.1 billion (US$1.2 billion). Construction of the airport was heavily funded by the Caja Castilla La Mancha savings bank, the first of Spain's troubled savings banks to be bailed out, in 2010.

Interested parties must submit their bids on or before 19 June 2015. The bidders will have to deposit two million euros on account of the court. The airport price is estimated at €40 million (US$43.5 million).

In April 2012, the airport was closed after just three years in operation, its management company having gone into receivership.

Ciudad Real, a city of around 75,000 residents located halfway between Madrid and Cordoba, attracts few visitors and the airport was designed to serve both the Spanish capital and the Andalusian coast which are both less than an hour away by high-speed rail.

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