The APB turns down Formentera Mar’s requested extension of term
Palma
22/09/2017
The Board of Directors of the Port Authority of the Balearic Islands (APB) has turned down the application made by Formentera Mar for an extension of its concession term at the Port of la Savina, which will thus conclude on 24th June 2018.
Formentera Mar, which today manages about ninety mooring spaces at the Port of Formentera marina, had applied for a 10-year extension of its current concession plus a second concession of 17½ years. The Board of Directors has decided to turn down this application on the basis that it does not constitute a public port concession but rather a public utility management contract.
Formentera Mar presented its request for an extension of the term of concession for its facilities in 2015, pursuant to transitional provision ten of the revised text of the State Ports and Merchant Navy Act introduced by Law 18/2014, which provides for the possibility of concessions in public domains being altered.
