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Spanish Govt Improve Terms For Airport Bidders

Tue 20th Sep 2011

Spanish daily newspaper, Expansion, has reported how the Country's Ministry of Transport and Public Works is looking into the possibility of lowering the price of concessions for the right to run it's airports.

Those interested in bidding were initially told that they would be required to make a primary payment of 3.7 Billion Euros for the contract to operate Barajas airport in Madrid, and a payment of 1.6 Billion Euros to operate Barcelona's El Prat airport.

The successful bidder would then also have to pay 20% of their yearly income to the Spanish Government.

However, today's report suggests that the Ministry is considering making the terms more flexible, partly due to the significant amount of money involved in the contract, and in part due to the current economic climate.

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