Puertos del Estado and the Port Authority of S.C. Tenerife agrees on the 2020-2024 Business Plan

The 2020-2024 Business Plan envisages the investment of more than €238 million

• Puertos del Estado and the Port Authority agree on a 12.5% reduction in fees for ships and goods
  
   
  
   

6-11-2020 (Ministry of Transport, Mobility and Urban Agenda) The President of Puertos del Estado, Francisco Toledo, conducted a working meeting with Carlos González and Aitor Acha, President and Director, respectively, of the Port Authority of S.C. Tenerife, in which they have agreed on the 2020-2024 Business Plan, a period in which more than €238 million will be invested, of which €116 million are earmarked for the Port of Granadilla.

According to Carlos González: "The Investment Plan will focus on maintaining the existing maritime infrastructure and completing the enclosure of the Port of Granadilla, as we have requests for concessions from private companies among which the ship repair sector stands out for 100 million euros." Moreover, the Port Authority is planning to move a clinker mill to Granadilla from the port of Santa Cruz.

In relation to the organisation of port spaces, an agreement has been reached with the Town Hall regarding the Delimitation of Port Spaces and Uses in the port of Los Cristianos, regarding the proposal included in the DEUP to affect a section of the road giving access to the port, and in relation to the authorised uses linked to the port-city interaction in the flight of part of the area assigned to mixed commercial port and complementary use.

In terms of intermodality, negotiations are underway with the Autonomous Community to have the link with the motorway in the port of Granadilla, as well as the exit from the port of Santa Cruz via the link next to the Auditorium, included in the Road Agreement with MITMA.

Francisco Toledo informed the directors of the Port Authority that Puertos del Estado have just positively informed the extension of the concession period of Canarian Terminals that they have committed to investing €5.6 million.

With regard to freight traffic, all the ports dependent on the Port Authority improved during the summer months and the cruise companies TUI, Hapag-Lloyd and Aida Cruises have announced that they will gradually restart operations as from November 2020.

In terms of economic results, the forecast is for an amount of around €10-12 million by the end of 2020, of which 5 million euros will be due to a drop in the rate of passage due to the Covid-19 crisis.

Finally, Puertos del Estado and the Port Authority agreed on a reduction in the correction coefficients of the taxes on ships (from 1.2 to 1.05) and on merchandise (from 1.2 to 1.05) for 2021, which will mean a reduction of 12.5% with respect to the current values, which will be destined to the reactivation of the economic sectors linked to port activity.