{"id":21145,"date":"2017-02-23T13:25:30","date_gmt":"2017-02-23T12:25:30","guid":{"rendered":"https:\/\/www.bilbaoport.eus\/?p=21145\/"},"modified":"2017-02-23T14:17:22","modified_gmt":"2017-02-23T13:17:22","slug":"turnover-maintained-port-authority-investment-grows","status":"publish","type":"post","link":"https:\/\/www.bilbaoport.eus\/en\/news\/turnover-maintained-port-authority-investment-grows\/","title":{"rendered":"Turnover maintained and Port Authority investment grows"},"content":{"rendered":"<div class=\"show-for-small mobile-breadcrumbs\"><ul class=\"breadcrumbs\"><li class=\"home\"><span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to Port of Bilbao.\" href=\"https:\/\/www.bilbaoport.eus\/en\/\" class=\"home\" aria-current=\"page\"><span property=\"name\">Port of Bilbao<\/span><\/a><meta property=\"position\" content=\"1\"><\/span><\/li>\n<\/ul><\/div><div class=\"one_half bbcol\">\n<p>Turnover was similar to the previous year\u2019s and amounted to 65.2 million euros while funds generated reached 32.5 million.<\/p>\n<p>There was no further bank debt, and net bank debt stood at 12.9 million euros, 0.40 times Ebitda, thus maintaining, a debt profile much lower than that of the Spanish port system average, standing at 1.97 times Ebitda.<\/p>\n<p>Additional income of 1,703,313 euros came from the European Community Infrastructure Programme under the TEN-T 2011 Connecting Europe Facility as the final payment for the Pancorbo Port-Rail Terminal works and information systems connections.<\/p>\n<p>The investment carried out by the <strong>Port Authority of Bilbao<\/strong> in 2016 amounted to 32.3 million euros. This year, plans for investing 88.6 million have been made, proceeding from the Port Authority\u2019s own resources, bank loans, and from EU subsidies in the cases of specific strategic projects.<strong><br \/>\n<\/strong><\/p>\n<p><strong><em><u>Port Authority Projects completed in 2016:<\/u><\/em><\/strong><\/p>\n<ul>\n<li><strong>Punta Sollana Breakwater Extension<\/strong>The works have taken four years and will boost solid and liquid bulks traffic especially, since the length of the dock has been increased by 330 metres with a minimum 20-metre depth while the area of dock esplanade available now stands at 20,000m\u00b2. The European Union has contributed some 3.53 million euros to the works as part of the \u201cEfficient operations and improvement in the environmental performance of the Port of Bilbao\u201d project, Call TEN-T 2012. The Port Authority\u2019s own resources were used to finance the remainder of the already certified <u>11 million euros t<\/u>otal cost.In the construction of the breakwater extension, the Port Authority has incorporated as a technical innovation and also more environmental-friendly, high performance concrete, made up of the steelmaking slag produced by the recycling of black slag, an industrial by-product generated in steel manufacturing in the electric arc furnaces in the different steel works in Biscay. In addition, this has enabled the execution budget to be reduced by approximately one million euros with regard to the original budget.<\/li>\n<\/ul>\n<ul>\n<li><strong>F<\/strong><strong>irst phase of the development works for the Railway Logistics terminal at Pancorbo<\/strong>The works tender was awarded in December 2015 and will be completed at the end of the present year at a cost of 4.5 million euros.<\/li>\n<\/ul>\n<p><a class=\"thickbox\" href=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/ten-t_transeuropean_trasnport_network_logo_en.png\" rel=\"attachment wp-att-18366\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18366 size-full\" src=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/ten-t_transeuropean_trasnport_network_logo_en.png\" width=\"370\" height=\"49\" srcset=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/ten-t_transeuropean_trasnport_network_logo_en.png 370w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/ten-t_transeuropean_trasnport_network_logo_en-150x20.png 150w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/ten-t_transeuropean_trasnport_network_logo_en-250x33.png 250w\" sizes=\"auto, (max-width: 370px) 100vw, 370px\" \/><\/a><\/p>\n<p><\/div><div class=\"one_half column-last bbcol\"><\/p>\n<figure id=\"attachment_21147\" aria-describedby=\"caption-attachment-21147\" style=\"width: 535px\" class=\"wp-caption alignnone\"><a class=\"thickbox\" href=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2017\/02\/cifranegocio-2.jpg\" rel=\"attachment wp-att-21147\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-21147 size-medium\" title=\"Basin of the extension\" src=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2017\/02\/cifranegocio-2-535x357.jpg\" alt=\"Basin of the extension\" width=\"535\" height=\"357\" srcset=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2017\/02\/cifranegocio-2-535x357.jpg 535w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2017\/02\/cifranegocio-2-150x100.jpg 150w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2017\/02\/cifranegocio-2.jpg 1200w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2017\/02\/cifranegocio-2-250x167.jpg 250w\" sizes=\"auto, (max-width: 535px) 100vw, 535px\" \/><\/a><figcaption id=\"caption-attachment-21147\" class=\"wp-caption-text\">Basin of the extension<\/figcaption><\/figure>\n<ul>\n<li><strong>Filling of cell<\/strong> between<strong> the esplanades of Docks AZ2 and AZ3 <\/strong>The works were commenced and completed in the first half year at a cost of <u>5 million euros.<\/u><\/li>\n<\/ul>\n<ul>\n<li><strong>F<\/strong><strong>irst phase of the development works for the Railway Logistics terminal at Pancorbo<\/strong>The works tender was awarded in December 2015 and will be completed at the end of the present year at a cost of 4.5 million euros.<\/li>\n<\/ul>\n<ul>\n<li><strong>Filling of cell<\/strong> between<strong> the esplanades of Docks AZ2 and AZ3 <\/strong>The works were commenced and completed in the first half year at a cost of <u>5 million euros.<\/u><\/li>\n<\/ul>\n<p><strong><em><u>Port Authority Projects in progress:<\/u><\/em><\/strong><\/p>\n<ul>\n<li><strong>Building of the first phase of the Central Pier and stabilisation works on the old Punta Lucero Quarry.<\/strong>In spite of being different works, both projects were awarded in a single contract at a total cost of <u>79 million euros. <\/u>The European Commission will contribute 20% of this amount, as part of the Connecting Europe Facility Programme. The works commenced in September and have a 39-month completion period.<\/li>\n<\/ul>\n<p><a class=\"thickbox\" href=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/cef_conecting_europe_facility_logo_en.png\" rel=\"attachment wp-att-18364\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18364 size-full\" src=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/cef_conecting_europe_facility_logo_en.png\" width=\"370\" height=\"52\" srcset=\"https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/cef_conecting_europe_facility_logo_en.png 370w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/cef_conecting_europe_facility_logo_en-150x21.png 150w, https:\/\/www.bilbaoport.eus\/wp-content\/uploads\/2016\/04\/cef_conecting_europe_facility_logo_en-250x35.png 250w\" sizes=\"auto, (max-width: 370px) 100vw, 370px\" \/><\/a><\/p>\n<ul>\n<li><strong>Arasur Rail Sidings<\/strong> The investment being made in conjunction with the Autonomous Basque Government and the Territorial Council of Alava amounts to <u>3 million euros<\/u>, and the works, which commenced in June, will conclude at the end of 2017.<\/li>\n<\/ul>\n<ul>\n<li><strong>New Maritime Cruise Terminal Berth at Getxo and mobile embarkation gangway.<\/strong>Total investment will amount to <u>6 million<\/u>euros, and the works, which commenced in 2016, will be completed in March.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><\/div><div class=\"clear\"><\/div><\/p>\n <div class=\"hide-for-small page-options-container hide-for-print\"> <hr class=\"page-options\"\/> <ul class=\"inline right page-options\"><li><a class=\"bmprint\" rel=\"nofollow\" title=\"Print this article\"><i class=\"icon-print\"><\/i><\/a><\/li><li><a class=\"bmsend2friend\" href=\"mailto:?subject=Article of interest: Turnover maintained and Port Authority investment grows - Port of Bilbao&body=https:\/\/www.bilbaoport.eus\/en\/news\/turnover-maintained-port-authority-investment-grows\/\" rel=\"nofollow\" title=\"Send a link to this article by email\"><i class=\"icon-envelope\"><\/i><\/a><\/li><\/ul><div class=\"row collapse posts-navigation\"><div class=\"medium-6 columns\"><i class=\"icon-angle-left\"><\/i>Anterior<a href=\"https:\/\/www.bilbaoport.eus\/en\/news\/traffic-port-bilbao-stands-31-9-million-tonnes\/\" rel=\"prev\">Traffic in Port of Bilbao stands at 31.9 million tonnes<\/a><\/div><div class=\"medium-6 columns alignright\"><i class=\"icon-angle-right\"><\/i>Siguiente<a href=\"https:\/\/www.bilbaoport.eus\/en\/news\/private-investment-55-8-million-euros\/\" rel=\"next\">Private investment of some 55.8 million euros<\/a><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Port of Bilbao AnteriorTraffic in Port of Bilbao stands at 31.9 million tonnesSiguientePrivate investment of some 55.8 million euros<\/p>\n","protected":false},"author":7,"featured_media":21147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-21145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - 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