16 Nov, 2017 @ 12:23
1 min read

Costa del Sol railway from Malaga to Estepona named as a priority in massive infrastructure investment plan for Spain

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The priority projects across Spain

THE long awaited Costa del Sol railway has been listed as a priority in the next round of Spain’s infrastructure investment. 

The Costa train line, with an estimated cost of €5 billion, has been promised on and off since the 1990s, but it has stalled due to lack of funding and a lack of agreement between Madrid and the Junta.

The train service, which would run from Malaga airport to Marbella and Estepona, may now be with us within a decade as Spain’s economy continues to be one of the fastest growing in the Eurozone, freeing up more capital and increasing investment ceilings.

Julián Núñez, president of SEOPAN – the Association of Construction Companies and Concessionaires of Infrastructure – says the government will most likely prioritise health and education over the next two years.

But he added: “The consolidated GDP growth and the progressive scale back of the deficit have created some space to increase public investment in infrastructure.”

He has therefore created a prospective investment portfolio for the government, listing the projects that are a priority to improve the country’s competitive edge and which will increase economic activity.

The 814 projects are already planned, but just need the funds and green light from Madrid, and could be begun and completed in the 2017/2021 period.

Public investment is long overdue in the country, having been reduced by 58% since 2009.

The European commission says public investment in Spain as of 2014 was at the same level as 1984.

Lack of investment in certain areas has also added to inequalities between different regions.

 

 

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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