Andalusia to use PPP model for Jerez courthouse
The regional government of Andalusia has announced that it is considering a public-private partnership (PPP) to develop a courthouse in Jerez, Spain.
According to source, due to the the economic situation of the regional government, the use of a PPP project to develop the new courthouse is the best and only option. The project would be the second facility of this type developed through the PPP model in Andalusia.
The government did not announce any reference dates for the potential tender process.
Few days ago we reported that Isolux Corsán and Copcisa Industrial had signed a financing agreement for the Cordoba courthouse PPP project, which is the first courthouse developed under PPP model. The project involves the build, finance, operation and maintenance of the new facility for a period of 25 years.
The financing has been provided by Caixabank. The total project cost during the life of the PPP contract is estimated at €345 million (US$515 million). The project has raised financing three years after the consortium led by Isolux was selected as the preferred bidder. The agreements comes after the regional government gave the consortium several postponements for the FC deadline.
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