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Marina Ibiza extends its concession term

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Palma, 22/12/2016

The Balearic Islands Port Authority (APB) Board of Directors has approved a concession term extension for the Marina Ibiza sports marina, requested by Serveis Marítims Port d’Eivissa S.L. (SEMAR), for a period of 6.8 more years, so that the concession will total more than 23 years, ending in 2031.

Marina Ibiza is committed to making an investment of 7.2 million to improving facilities or as a contribution to the Land Connectivity State Fund, which allows Spanish ports to participate in financing connection projects outside of their service area and thus promoting port competitiveness, contributing to transport system sustainability.

The City Council of Eivissa, the concessionaire and the APB have agreed that the works and improvements to be developed must be agreed by all three parties and, in any case, must respect the spirit of following negotiations between the City Council of Eivissa and the APB, which stipulates the common future line of work from the beginning of the legislature.

This concession term extension process is part of the modification of concessions in the public domain under the tenth transitional provision of the consolidated text from the Law on State Ports and the Merchant Navy, introduced by Law 18/2014.

After SEMAR delivered the request within the time period authorised for that purpose, the corresponding application processing and the favourable resolution of the State Ports, the extension was approved yesterday by the APB Board of Directors.


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