A Coruña to Invest 275 Million Euros in Green Port by 2030

The Port Authority of A Coruña (Spain) announced that it will invest 275 million euros to boost the Green Port project and the development of Coruña Marítima.

Details of this announcement were provided on the Galician institution's website, where it was reported that the investment will be distributed until 2030, stating that "it will be financed with different lines of European funds, own resources generated by port activity, and these 56 million euros obtained by reducing the planned amortizations."

Furthermore, it was reported that "the refinancing of the EIB loan was approved this morning by the Public Body's Board of Directors, which also approved the 2025 annual accounts, which closed with a historical record turnover, and with a positive operating result, but with losses in the overall result, precisely due to the interest on the loans formalized to finance the construction of the Outer Port."

"After exploring different options, it was confirmed that private banking entities could offer more advantageous conditions, so seven entities were invited to submit financing offers. After analyzing each proposal, it was decided to refinance the debt through separate loans with ABANCA and BBVA, for 53.15 and 30 million euros, respectively. This amount will be used to cancel the loan with the EIB," it was added.

At the same time, it was added that "this operation is in addition to the agreement being finalized with Puertos del Estado to reorganize the loan maintained with this body. Under current conditions, between 2027 and 2030, the Port Authority must amortize a total of 36.5 million euros.

"In contrast, with the reorganization being negotiated, 16.5 million euros will be amortized during this period, thus generating 20 million euros for investments. This amount will be recovered with higher amortizations in later years, when the development of ongoing projects leads to higher revenues and, therefore, greater capacity for the Port Authority to meet all its commitments," the publication concluded.