The Board of Directors of the Port Authority of the Balearic Islands (APB), in an ordinary meeting on 28 July 2021, agreed to authorise the technical specifications and terms and conditions that wi
The Port Authority of the Balearic Islands (APB) has guaranteed moorers at Alcudiamar marina that they can continue to use these facilities in the port of general interest of Alcudia until 2030, in line with the new conditions of the extension of the concession period that begins today.
Representatives of the APB yesterday attended a meeting called by Alcudiamar to explain the situation of the concession once the initial term, which began in 1988, ends. Today marks the first day of the 12-year extension of the concession for Alcudiamar.
As a result of this extension, Alcudiamar must pay the APB a new annual fee of 2.7 million euros and invest nearly 22 million euros in infrastructure over the next 12 years. APB experts yesterday explained to the moorers that the APB is going to approve new maximum prices to cover this fee update and the investment to be made.
These new prices will be of a transitional nature until they are definitively approved, given that at the beginning the relevant part of the investment will not be passed on to users until the works are recognised. The interested parties received direct information on what the pricing system will look like.
Moreover, Alcudiamar has contributed 600,000 euros to the State Port Connectivity Fund by means of which Spanish ports of general interest fund road connection projects outside their service area, required in order to provide their facilities with proper accessibility and to enhance their competitiveness.
Alcudiamar submitted the application to extend its concession period in 2014. The APB's Board of Directors approved the extension of the marina's concession in April 2016, following a binding report by State Ports.