Acciona claims EUR1 billion compensation for water concession in Catalonia

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Acciona is seeking over EUR1 billion compensation from the government of Catalonia for the liquidation of the Aigües Ter Llobregat (ATLL) concession, which supplies drinking water to a population of more than 4.5 millions of Catalans.

A 50-year concession contract of management of public services, construction, improvement, management and operation of the facilities that constitute the network of water supply in the Ter-Llobregat region to an Acciona-led consortium in November 2012. The other competitor Agbar suspected that the deal was not legal and threatened to go to court on basis of lack of transparency in the award process. Acciona appealed in High Court of Catalonia and the High Court dismissed the appeal. After that Acciona appealed in Supreme Court of Spain.

Acciona has now submitted a letter to the government of Catalonia in which they included compensation for loss of profits and damages that the company should receive, in compensation for the early termination of the contract. The concessionaire seeks compensation of EUR769 million for lost profit and EUR305 million for liquidation. 

Acciona was awarded the exploitation of ATLL for a period of 50 years but only managed it for 6 years, since the Supreme Court annulled the concession on grounds of lack of transparency and equality in the tender process.

List of the country updates

Country updates

  • October 02, 2018

    FCC completes sale of 49% stake in Aqualia to IFM

    FCC has announced that it has formally completed the sale of a 49% stake in its Aqualia subsidiary to Australian fund IFM Investors for EUR1.024 billion (US$1.187 billion). This comes after the E...

    Read more
  • September 27, 2018

    Sale of Itínere suspended by legal action

    A Commercial Court in Madrid has suspended the sale of Spanish highway operator Itínere, having accepted precautionary measures requested by Globalvía.  Globalvía&...

    Read more
  • September 11, 2018

    Corsair and APG join forces to acquire majority stake in Itínere

    APG has announced that together with funds managed by Corsair Infrastructure Partners it intends to acquire the stakes held by minority shareholders in Itínere Infraestructuras S.A., ...

    Read more
  • September 06, 2018

    First State Investments agrees to acquire Swedish gas transmission system operator Swedegas

    The European Diversified Infrastructure Fund II (EDIF II), managed by First State Investments (First State), has agreed to acquire Swedish gas transmission system operator, Swedegas from the Spanish a...

    Read more
  • July 23, 2018

    Spanish government terminates Iridium's contract for road concession

    Spain's Council of Ministers has agreed to terminate the concession contract for the Alicante Bypass PPP project and has announced that in the coming months the contract will be liquidat...

    Read more

Share this update