Cantabria University has launched a tender process to develop a student housing through a concession contract in Santander, Cantabria, north Spain.

The new facility will have a capacity of 200 rooms which will have a minimum of 20 m² each.

The project involves the design, build, finance, operation and maintenance of the new facility. The concession period will be 40 years.

The total project investment is estimated at €10 million (US$13 million).  The preferred bidder will pay around €120,ooo per year to Cantabria University, according to the tender documents.

Interested parties must submit their proposals on or before 10 October 2014.

Santander is the capital of the autonomous community and historical region of Cantabria situated on the north coast of Spain. Located east of Gijón and west of Bilbao, the city has a population of 178,465 inhabitants.