The AP-36 toll road is therefore handed back to the state, after Commercial Court 2 of Madrid approved the concessionaire's liquidation plan.
This is the third toll motorway in liquidation that is now being managed directly by Sociedad Estatal de Infraestructuras del Transporte Terrestre (SEITTSA), the agency dependent on the Development Ministry responsible for the state's land-based infrastructure: the R-4 Madrid-Ocaña motorway, which was taken over on 21 February (click here for the alert), the R-2 Madrid-Guadalajara motorway, which passed to SEITTSA on 1 March (click here for the alert) and, from today, the AP-36 Ocaña-La Roda motorway.
According to Madrid's Commercial Court no. 6, on 1 April SEITTSA will also take control of the Cartagena-Vera section of the AP-7 motorway and the Alicante Ring-road.
By the end of the month, the Development Ministry, through SEITTSA, is also due to take control of the remaining three motorways that have entered into liquidation: R-3 Madrid-Arganda; R-5 Madrid-Navalcarnero and M-12 Madrid-Aeropuerto de Barajas. They are likely to be joined by the remaining rescued motorway (AP-41 Madrid-Toledo), which is not yet in liquidation.
SEITTSA is preparing to re-tender the bankrupt motorways
In the past six months, SEITTSA has tendered and awarded the following service contracts, necessary to subsequently re-tender the nine rescued toll motorways:
Preparation of a study on demand and tariffs, which was awarded to Técnica y Proyectos, S.A. (TYPSA) on 27 November 2017 (term: 4 months). Drafting of terms and conditions and an economic and financial viability study, awarded on 27 November 2017 to the joint venture (UTE) formed between LRA Infrastructures Consulting, S.L. and LCA, S.L. (term: 4 months). Operational and legal due diligence reviews, awarded to Deloitte Consulting, S.L. on 1 February 2018 (term: 2 months); and Insurance covering material damage and liability/administrative liability, awarded to QBE Insurance (Europe) Ltd. (sucursal en España) at the beginning of February 2018 (term: until 31 December 2018).
It is expected that SEITTSA will re-tender the contracts for the nine rescued motorways in the course of 2018. According to sources at the Development Ministry, the motorways posted a 8.6% increase in traffic at the close of 2017.