Two teams bid for Madrid court project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Two teams bid for Madrid court project

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

The Government of Madrid, Spain, has received two bids to develop the second phase of the "Ciudad de la Justicia" PPP project.

The two teams are the following:

According to sources, Sacyr, FCC and Isolux were considering bidding for the court project but finally they have not submitted any proposal.

On 14 April the technical proposals will be published and later on 28 April the financial proposals will be open.

The project, which will be carried out in an area of 200,000 m², involves the development and maintenance of new facilities to house 356 courts of the Judicial District of Madrid, 554 judges and magistrates, 202 prosecutors and 362 court clerks among others.

The project comprises the design, construction, financing and facility management of a new Court of Justice under a 30-year concession.

The total project investment is estimated at €510 million (US$555.3 million). The Community of Madrid will pay to the preferred bidder a fee of around €45 million (US$51 million) per year. The concession worth about €1,700 million (US$1,850 million).

In mid March the European Investment Bank announced that it was considering financing the project but the proposed EIB finance was not disclosed.

The project will lead to a productivity improvement of judicial services, positively affect citizens and employees, and is expected to improve energy efficiency compared to the currently used buildings. It will be located at the site where the Community of Madrid has already invested €288 million. The investment has included, among others, the development of the new Institute of Legal Medicine.

In mid February the government of Madrid announced plans to develop a new regional airport trough a public private partnership (PPP) project in the south of the city.  The concession contract would be for a period of 40 years and the total project investment is estimated at €230 million.

List of country news

Country news

  • April 15, 2015

    Four teams bid for Alcañiz hospital concession in Spain

    The government of Aragon (Spain) has received bids from four teams to develop a new hospital in Alcañiz through a concession contract. Read more
  • April 27, 2015

    Court rules sale of Ciudad Real airport

    The Commercial Court of Ciudad Real, Spain, has ruled that the city's airport will be sold with no starting price after the final offering of €40 million failed to attract investors. Read more
  • May 06, 2015

    Jones day adds Javier Lopez Anton as partner in Madrid

    Global law firm Jones Day has hired Javier López Antón as a partner in the firm's Banking & Finance Practice in Madrid, Spain. Read more
  • May 11, 2015

    Five proposals submitted for La Rioja health concession

    The government of La Rioja in Spain has received five proposals for the San Millán Health Complex public private partnership (PPP) project. Read more
  • May 15, 2015

    Spanish town seeks developer for car park and shopping center concession

    The Spanish town of Almendralejo has launched a tender process to develop an underground car park and a shopping center through a PPP project. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.