en.Wedoany.com Reported - The Spanish State Ports Authority (Puertos del Estado) and the Port Authority of A Coruña (Autoridad Portuaria de A Coruña) are finalizing a loan restructuring agreement to adjust the repayment terms of loans previously used to finance the construction of the outer port. This move is expected to free up approximately €20 million (about $22.7 million) in additional funds for the Port Authority between 2027 and 2030, to be used for advancing investments in the outer port and renovation and maintenance works on the inner port's docks and land areas.
The agreement was discussed at a recent meeting between the State Ports Authority and 28 port authorities, aimed at analyzing the corporate plans of the Spanish port system, which will subsequently require approval from the State Ports Authority Board. Under current conditions, the Port Authority is required to repay a total of €36.5 million (about $41.5 million) in installments between 2027 and 2030 for loans signed with the State Ports Authority. Through the ongoing restructuring plan, the repayment amount during this period will be reduced to €16.5 million (about $18.7 million), thereby freeing up approximately €20 million for investment. This amount will be offset by increased repayments in subsequent years, when higher revenues from the development of ongoing projects will enable the Port Authority to meet all its commitments.
In the investment plan, key actions for the Port Authority of A Coruña include completing the railway access to Punta Langosteira and initiating operations in the southern area of the port basin, constructing new docks and yards to accommodate industries related to offshore wind energy. It has previously been confirmed that the Port Authority will receive €97.5 million (about $110.8 million) in funding from the European Union's Next Generation fund, allocated through the PORT EOL-MAR project coordinated by the Ministry for Ecological Transition and the Demographic Challenge (Ministerio para la Transición Ecológica y el Reto Demográfico).
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