The figure is double that of the €12.8 M invested in 2019. Contracts to the value of €124.1 M were tendered out in 2019, compared to the figure of €32.4 M in the previous year.
At a meeting on February 26, the Board of Directors of stateowned company Aguas de las Cuencas de España (ACUAES), which belongs to the Spanish Ministry for Ecological Transition and Demographic Challenge, ratified investment of €31.3 M for the year 2020. The figure marks a change in the trends of recent years and is over double the amount of €12.8 M invested in 2019.
Nonetheless, contracts to the value of a very significant €124.1 M were tendered out last year, compared to the figure of €32.4 M in 2018. The investment corresponding to the contracts tendered out in 2019 will be made in 2020 and subsequent years.
The increased investment is mainly associated with the commencement of new sanitation and wastewater treatment actions included in the modification to the Direct Management Agreement, ratified by the Spanish Cabinet on November 15, which accounts for total investment of €519 M. This investment is co-funded by the European Regional Development Fund (ERDF) 2014-2020, within the framework of the Pluri-regional Operational Programme of Spain (POPE).