The rescued highways recover the level of activity prior to the coronavirus

The toll roads that went bankrupt after the crisis 2008 financial and that the State rescued in 2017, they forget about the Covid and obtain a net benefit of 1.2 million euros in 2021, compared to losses of more than six million the previous year. This is reflected in the accounts of the public company that manages them, SEITT, consulted by Europa Press, in which income appears totals of 76.5 million for the nine roads48% more than in 2020 and above the 76.2 million that entered in 2019, the year prior to the pandemic.

The R3 and the R4, located at the exit of Madrid towards Valencia and Córdoba, were the ones that most contributed to this positive result, with almost 5 million euros in benefits, followed by the AP-36 (Ocaña-La Roda), with 3.3 million euros. The rest, R-2 Madrid to Guadalajara, R-5 Madrid to Navalcarnero, M-12 Eje Aeropuerto, AP-41 Madrid to Toledo and AP-7 Circunvalación to Alicante -a except for the AP-7 from Cartagena to Vera, which earned 1.5 million-, losses were noted. Despite the fact that revenues from tolls already exceed those prior to the health crisis, the investments made in the last year in all these roads weighed down the result gross operating income (Ebitda), which was limited to 1.7 million euros, compared to almost 30 million euros registered in 2019.

In any case, all these numbers are related to management of the roads. Regarding the true cost that the rescue has entailed for the public coffers, it is currently valued at a provisional amount of 1,000 million euros, money that the State owes to the concessionaires for the investment made and not yet amortized at the time of redemption. In addition to this management, SEITT also has another business leg oriented to infrastructure works (railways, for example), which entered 193 million in 2021 and recorded losses of 74 million euros. Between the two businesses, the turnover was 270 million and the ‘red numbers’ amounted to 72 million euros.

For 2022, the forecast of this company dependent on the Ministry of Transport, Mobility and Urban Agenda is to achieve total income of 108 million euros in its motorway business, thanks to the strong increase in mobility that is expected after the recovery from the pandemic, which would mean a 41% increase compared to 2021.