A bid of just 10,000 euros for Spanish airport

Beijing, July 20 (IANS) A Chinese firm has bid 10,000 euros for an abandoned airport in Spain, a media report said.

People’s Daily Online reported on Sunday that Spain’s abandoned airport, Ciudad Real Airport, has finally found a potential buyer.

Chinese company Tzaneen International is the only bidder so far for the airport.

Other bidders can still try to buy the facility, located in a sparsely populated area 125 miles south of the Spanish capital, if they make an offer of at least 28 million euros, or 70 percent of the airport’s estimated value, within 20 working days, the media report said.

Tzaneen plans to turn the so-called “ghost airport” into a European hub for Chinese companies. It also intends to buy additional land and invest in buildings and equipment as part of its cargo plan.

Spain granted approval in 2006 for the privately-owned airport with a 4,000-meter (2.5 mile) runway. Ciudad Real sought creditor protection in 2009 following the global economic crisis and closed in 2012 after just four years of operation.

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