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"No risk" Of Corvera airport default : Minister

Wed 17th Oct 2012
'No risk' Of Corvera airport default : Minister

The Minister of Public works for the regional government of Murcia, Antonio Sevilla, today commented how there was "no risk" of default by the consortium behind the Corvera International Airport project.

Over 18 months ago the regional government guaranteed a loan to the value of 200 Million Euros to back concession holder, Aeromur, in their bid to complete construction at the airport.

Since then a number of issues have caused delays to the completion of the project, which is currently expected to be operational by April of next year.

Last week it was reported how the majority shareholder in the Aeromur partnership - SACYR - was attempting to force the closure of neighbouring San Javier airport in a bid to ensure the speedy completion of Corvera airport .

Comment on this Story

How can the Minister expect the voting public of Murcia to believe this when I'll bet he doesn't even believe this himself ?
Tyler - Fri, 19th Oct 2012
This is reassuring! Murcia is financially crippled at the moment so any default could be devastating to the region!
Ed Bishop - Thu, 18th Oct 2012

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