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Castellon Airport costs Valencia €46,300 per day

Sat 19th Apr 2014
Castellon Airport costs Valencia €46,300 per day

It has been reported how the operation of Castellon Airport is costing the Generalitat Valenciana some €46,300 per day, despite being still to receive it's first commercial flight.

The 2013 annual report submitted by Aerocas - the concession holder of the airport, 99% owned by the Generalitat Valenciana - revealed how €17 Mln of funding was received for the 'operation and maintenance' of the ghost airport.

Although Aerocas recently awarded the contract to operate the airport to Canadian company SNC-Lavalin, the move has been challenged by the Marina d'Or / Gesnaer consortium on the grounds of irregularities in the process.

The Compromνs opposition party has criticised the high cost of running Castellσn airport, and have estimated that the cost of electricity, cleaning, security only arrive at €13,000 per day.

The Compromis also reminded that the airport's debt stood at €120 Mln at the end of 2012, of which €36 Mln are due for repayment in 2015. With regards to losses, €8.5 Mln was lost in year 1, €7.5 Mln in year 2 and €5 Mln in year 3. Losses for 2014 are expected to be around €11.4 Mln - all whilst awaiting the arrival of it's first passenger.

Recommended Reading :

* Castellon Airport sale process postponed

Comment on this Story

What more evidence need there be to prove that Valencia is Spain's most corrupt region ?
Gideon Palmer - Mon, 21st Apr 2014

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