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EUR 8.5 million for urban renewal in the Avenida Juan Carlos I Lorca (02/12/2015)

The Cabinet has given its approval to the granting of a multi-year grant to the city of Lorca to the implementation of various urban renovation of the Avenida Juan Carlos I, adjacent spaces and various villages of the town of Lorca, after the earthquakes of 2011, for a total amount of 8,500,000 euros.

Similarly, the regional government has authorized the agreement to be signed by the Community and the city of Lorca and the grant of that subsidy for the completion of works is formalized.

This action is part of the plan of works and actions of urban renewal that promotes regional government for the comprehensive reconstruction of Lorca, whose objective is the recovery and development of the social and economic fabric of the city.

The intervention on Avenida Juan Carlos I and adjacent public spaces has a budget de6.500.000 euros, while renovating streets, pathways and networks in rural communities amounted to 2,00,000 euros.

This amount is distributed in annuities 2015, with 5.628 million euros, and 2016, for 2.872 million euros and will be financed by the Community under the contracted with the European Investment Bank (EIB) loan.

Work on the avenue, the main road connecting the city center, will be executed by the Consistory Lorca directly to coordinate its development with the social and commercial life of Lorca.

The implementation period will end on December 31, 2017.

Source: CARM

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