Catalonian government to pay US$60 million for termination of ATLL water concession

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

The Government of Catalonia has agreed to pay Acciona EUR53.8 million (US$61.7 million) for the termination of the Aigües Ter-Llobregat (ATLL) concession. ATLL manages a water supply network in the Ter-Llobregat region of Catalonia utilised by more than five million Catalans in 120 municipalities, including Barcelona.

The government initially attempted to cancel the 50-year concession, awarded in 2012, without making any payments to Acciona, ignoring the company's demands for substantial compensation. This was on the grounds that the flawed tender process invalidated the awarding of the contract, as ruled by the Supreme Court of Spain, and thus that it is null and void.

However, the Superior Court of Justice of Catalonia resolved at Acciona's request that the Supreme Court's ruling acknowledges the existence of the ATLL contract, thus it must be annulled, rather than declared null and void.

EUR46 million (US$52.7 million) of the EUR53.8 million that the government has agreed to pay are taxes that the concessionaire has already paid and that it must claim from the corresponding tax agencies. The amount does not include any compensation that Acciona has requested for damages.

List of the country updates

Country updates

  • December 28, 2018

    Acciona ordered to vacate Catalonian water concession

    The Government of Catalonia has ordered that Acciona vacate the premises through which it operates the Aigües Ter-Llobregat (ATLL) water concession by 31 December 2018. ATLL supplies drinking wat...

    Read more
  • December 24, 2018

    RiverRock completes acquisition of Spanish police stations

    RiverRock European Capital Partners has completed the acquisition of the majority shareholding in three Spanish police station PPPs.  The projects included are theVallés police stations c...

    Read more
  • December 18, 2018

    Spanish authority approves payment to rescue Costa del Sol Hospital concession

    The Regional Government of Andalusia has completed the procedure for the rescue of the concession for the expansion works of the Costa del Sol Hospital. The payment of EUR12 million (US$ 13.6 million)...

    Read more
  • November 30, 2018

    Sacyr, Unicaja and ABANCA refinance Spanish toll road concession

    Rubicon Infrastructure Advisors and Banco Santander have announced the closing of a EUR229 million (US$263.2 million) refinancing for Autopista de Guadalmedina, C.E.S.A. The refinancing was for the co...

    Read more
  • October 18, 2018

    Acciona claims EUR1 billion compensation for water concession in Catalonia

    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...

    Read more

Share this update