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Valencia moves forward with Airport privatisation

Source: Las Provincias - Sat 21st Sep 2013
Valencia moves forward with Airport privatisation

The Regional Government of Valencia has approved the process to privatise the operation and management of Castellón airport for a period of 10 years.

The tender for the contract, which is due for release in early 2014, is expected to generate revenues of between €2.5 and €2.7 million per year. for the Generalitat Valenciana, who owns 99% of the airport.

However, José Císcar - President of Aeromur and Vice President of the region - confirmed how the Ministry of Development needs to grant permission before the final stage of the process can be completed.

A number of works at the airport must also be completed, in accordance with specifications laid down by Aerocas, which are expected to cost around €12 Million.

Ciscar also went on to say how a number of companies have expressed an interest in operating the airport, however there has been no interest for an outright purchase of the facility to date.

The Hispano-Libyan offer to purchase the airport made earlier this year was discounted due to their not holding sufficient financial guarantees.

Read further Castellon Airport news by clicking the link >> HERE <<.

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