This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 14 °C Sunday 21 April, 2019
Advertisement

Someone has just offered €10,000 for this €1.1 billion 'ghost airport'

Ciudad Real’s Central airport was built during the country’s building boom that ended in 2008.

ciudad real - 1 Source: Africa Twin/Wikicommons

ONE OF SPAIN’S ”ghost airports” — expensive projects that were virtually unused — received just one bid in a bankruptcy auction after costing some €1.1 billion to build. The buyer’s offer: 10,000 euros.

Ciudad Real’s Central airport, about 235 km 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 €28 million. If no better bid is received by September, the sale will go through, the news agency said.

ciudad real - 2 Source: Africa Twin/Wikicommons

Tzaneen International reportedly plans to invest up to €100 million 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 150 million euros and opened in 2011.

Read: Ryanair set to bring Spanish ‘ghost airport’ back to life

Also: There’s a campaign to have a US military ship named after an Irishman from Ballyhaunis

  • Share on Facebook
  • Email this article
  •  

About the author:

Associated Press

Read next:

COMMENTS (31)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel