Blogging from the Highlands of Scotland until I return to the Murcia region of Spain in early October for a few weeks
'Fair and softly goes far' - Miguel de Cervantes

Saturday, 12 November 2016

Moves afoot on eight financially precarious toll motorways in Spain

It seems that with the recent formation of a new government in Spain, steps are to be taken to either close or radically restructure the operations of upto eight "bankrupt" toll motorways across Spain. It is not entirely clear yet, at least to me, but it does seem that one of the toll motorways under the microscope is the section of the AP-7 between Cartagena and Vera, regarded really since its inception as something of a "white elephant".

It seems that the toll highways at most immediate risk are two radial motorways around Madrid (R-3 and R-5), according to this article dated 27th September 2016, although the Cartagena-Vera section of the AP-7 also receives what I suppose one might call an 'honourable mention'.

Since then, the new government has (finally and after many months of "negotiation") been formed and amongst its first and most urgent actions is to take decisions about "the spending ceiling, budgets and pensions" on many subjects including those eight toll motorways, according to this article dated 29th October 2016. An article in the same place, a few days later on 3rd November 2016, takes the sorry story on by declaring that the minister of development ('fomento') will have to look at amongst others the following:

Entre los retos que ahora tendrá que afrontar como ministro, figura la quiebra y el riesgo de liquidación de un conjunto de ocho autopistas de peaje, dos de las cuales el Ministerio ya se ha comprometido a asumir antes de julio de 2017

(or, in this rough translation into English):
"Among the challenges he will now face as a minister is the bankruptcy and liquidation risk of a set of eight toll highways, two of which the Ministry has already committed to take over before July 2017"
Quite obviously, it probably goes without saying, these problems with the transport infrastucture (not forgetting the delayed AVE high-speed railway network) that I have covered in this article, are only minor details in comparison with the major problems facing the whole of the Spanish economy, undoubtedly not helped by the dithering of the Spanish political establishment whilst it quarrelled over the past year about the formation of a new government. And these are, in their turn, only minor details in the overall problems facing the EU and within the Eurozone within which Spain limps on; the hopeful economic signs of recent months in Spain are not to be dismissed, of course, but wider and perhaps more alarming economic and political factors are in flux not only in the EU but in Spain too, in my opinion. Hold on tight, would be my adivce - and take nothing for granted.

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