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Single bid on Spain's 'ghost airport'

Source: Castanet - Sun 19th Jul 2015
Single bid on Spain's 'ghost airport'

One of Spain's "ghost airports" - expensive projects that were virtually unused - received just one bid in a bankruptcy auction after costing some EU1.1 Bln to build. The buyer's offer: EU10,000.

Ciudad Real's Central airport, about 235 kilometres south of Madrid, became a symbol of the country's wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened. The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic.

Chinese group Tzaneen International tabled the single bid in Friday's auction, Spanish news agency Europa Press said. The receiver had set a minimum price of EU28 Mln. If no better bid is received by September, the sale will go through, the news agency said.

Tzaneen International reportedly plans to invest up to EU100 Mln in the airport and make it a cargo hub. The offer is for the airport infrastructure only, not adjacent land.

Central has one of Europe's longest runways and was designed to handle 2.5 million passengers a year.

The construction 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.

Another largely unused airport and symbol of wasteful spending is Castellon, on Spain's eastern coast. It cost around EU150 Mln and opened in 2011.

Recommended Reading :

* Ciudad Real Airport sale continues after 12 months of indifference

* Spain's Ciudad Real Airport 6th most visited in world 2013

Comment on this Story

Sold to the crazy Indian visitor who thinks that we can actually influence this (even after the event of the 'sale').
Tumbit - Admin - Wed, 22nd Jul 2015
I m ( Mr. Sharma Pramanshu ) want to buy Ciudad Real Spain Ghost Airport in 15000 euros. From India. Pl z contact me .............. 919457449456 for buy Ciudad Real Spain Ghost Airport auction participation . Note... I will buy this only or only auction price . i will not be pay bl any hidden price or any other type interest / cost / charge / loan etc....... if it will be say that by any one to this than i will be quit from this auction. After Buying solve ghost type problem of this air port . I request to Indian or Spain Govt. provide me help to re-open this ciudad real ghost airport for public.
Sharma Pramanshu - Tue, 21st Jul 2015

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