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The profit of the port of A Coruña fell by almost one million euros in 2019 | Radio Coruña

The Board of Directors of the Port Authority has approved its 2019 annual accounts. Port of A Coruña has obtained a profit of one million 50,000 euros last year and an operating result of 4.6 million.

The State is alert to the “financial risk” and the “uncertainty” that the Port of Coruñés faces

It is almost a million less compared to the benefits obtained in 2018. According to a public note from the Port Authority, the accounts have obtained the approval of the General Intervention of the State Administration that, however, warns of the “financial risk” and the “uncertainty” that the port of Coruñés faces when the expected income is not realized for the sale of the docks in 2004 and the 2018 agreement, signed by the State, the Port and the Xunta, without the presence of the Council of A Coruña.

An agreement in which the Xunta agreed to pay 20 million euros in exchange for having a majority stake in the development of the docks. The government of Inés Rey has not yet materialized its intention to launch a new global agreement.

The 2019 accounts of the Port, according to the press release, show losses of up to 13% in freight traffic and they are the result after amortization and financial expenses derived from the construction of the outer port.

The president, Enrique Losada, also warns that the project for the train to Langosteira has not made progress since it was delivered in 2018 for processing before Adif and recalls that it is an “essential and urgent infrastructure to complete the operation of the outer port” and that should not be done at the expense of the port entity.

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