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The Government of Madrid, Spain, has received two bids to develop the second phase of the "Ciudad de la Justicia" PPP project.
The two teams are the following:
On 14 April the technical proposals will be published and later on 28 April the financial proposals will be open.
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 project comprises the design, construction, financing and facility management of a new Court of Justice under a 30-year concession.
The total project investment is estimated at €510 million (US$555.3 million). The Community of Madrid will pay to the preferred bidder a fee of around €45 million (US$51 million) per year. The concession worth about €1,700 million (US$1,850 million).
In mid March the European Investment Bank announced that it was considering financing the project but the proposed EIB finance was not disclosed.
The project will lead to a productivity improvement of judicial services, positively affect citizens and employees, and is expected to improve energy efficiency compared to the currently used buildings. It 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.
In mid February the government of Madrid announced plans to develop a new regional airport trough a public private partnership (PPP) project in the south of the city. The concession contract would be for a period of 40 years and the total project investment is estimated at €230 million.