Spain's Council of Ministers has agreed to terminate the concession contract for the Alicante Bypass PPP project and has announced that in the coming months the contract will be liquidated, due to the concession company, owned by Iridium, being bankrupt.
A 36-year contract to construct, maintain and operate the 33.2km bypass, a tolled motorway, was awarded to the ACS subsidiary in 2004, with operations commencing in 2007. The public company Sociedad Estatal de Infraestructuras del Transporte Terrestre SA (SEITSSA) took over operations on 1 April this year.
The previous government (ousted in June) planned to retender the concession and appoint a new concessionaire before the end of this year. The new government believes that the schedule outlined by its predecessor is "impossible" to keep as the current phase of the retender is too initial to occur before 2019.
Country updates
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July 20, 2018
Pralesa Concesiones sells Madrid hospital PPP to DIF Infrastructure V
DIF Infrastructure V has acquired from Pralesa Concesiones and other minority shareholders a 100% stake in Hospital de Vallecas, a PPP project consisting of the construction, maintenanc...
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July 19, 2018
Spain delays road PPPs
Spain's new Minister of Public Works has announced that two concession projects in the region of Murcia will be the first to be tendered as part of the Extraordinary Road Plan (PIC)...
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July 19, 2018
Marina concession approved in Canary islands
Puertos Canarios has approved the concession for the development of the marina in Arguineguín, Canary Islands (Spain). The project involves a 30-year concession period, an...
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July 17, 2018
Costa del Sol hospital PPP concession to be rescued
The regional government of Andalucia is in the final phase of the procedure to rescue the concession contract for the development of Costa del Sol Hospital. The concessionaire of this project is...
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July 09, 2018
SNFC acquires all the capital from Comsa
French railway company SNFC has signed an agreement with the Comsa group to acquire all the capital of the Spanish railway freight company, Comsa Rail Transport, of which it already owned 25% of...
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