Algeciras to invest €61m

Algeciras is to make its largest ever yearly investment in 2004, when € 61m will be spent on infrastructure projects (see PS Jan/Feb 2004 p.16). This contrasts to € 24.4m spent in 2002 and € 48.3m in 2003. Of the total, € 13.4m will come from the EUs cohesion fund. In the next three years, v49.5m, € 46.4m and € 31.7m will be invested respectively, the majority of the money being spent on the development of the Campamento and Isla Verde outer harbour projects, both of which are now entering their second phase of works.