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Francisco Toledo And Port Authority Of Tenerife Discuss 2020-2024 Business Plan

Francisco Toledo and Port Authority of Tenerife discuss 2020-2024 Business Plan

Source: Puertos del Estado
Tenerife, Spain (PortSEurope) November 17, 2020 – Puertos del Estado (PdE) and Autoridad Portuaria de Santa Cruz de Tenerife (Port Authority of Tenerife have agreed to the port’s 2020-2024 Business Plan, with an investment of €238 million, of which €116 million is destined for Granadilla port. Port President, Carlos González, stated that the plan will focus on maintaining the existing maritime infrastructures, extending the dock
of the port of La Palma by 125 meters and completing the closure of Granadilla, since they have initiatives from private companies, among which the the ship repair sector for €100 million. In addition, the Port Authority plans to transfer the clinker milling to Granadilla from Santa Cruz in the medium term. Also being negotiated with the Autonomous Community is the link with the highway in Granadilla, as well as the exit from Santa Cruz through the link next to the Auditorium, to be included in the Roads Agreement with the MITMA. Francisco Toledo, Pde President, reported positively on the extension of the concession term of Terminales Canarios, and has agreed to invest €5.6 million. Regarding freight traffic, all the ports dependent on the Port Authority improved during the summer months, and companies TUI, Hapag-Lloyd and Aida Cruises announced that they will gradually restart cruise operations as of November 2020. Regarding economic results, the forecast is that they will experience a fall of about €10-12 million at the end of 2020, of which €5 million will be due to a decrease in the passenger rate due to the virus. Puertos del Estado and the Port Authority agreed to lower the correction coefficients of the rates for the ship (from 1.2 to 1.05) and for the merchandise (from 1.2 to 1.05) by 2021, which will mean a reduction of 12.5% ​​with respect to current values, which will be used to reactivate the economic sectors linked to port activity. Source: Autoridad Portuaria de Santa Cruz de Tenerife (Port Authority of Tenerife) Copyright (C) PortSEurope. All Rights Reserved. 2020.

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