Due to the high costs
The Navarra Circuit is for sale again. This has been announced by NICDO, the public company that, since January 2020, manages the infrastructure directly. Now, it has just published the regulatory bases for the selection process of candidates to opt for the sale of the circuit, located in Los Arcos.
As stated in a statement, the objective is to receive candidates interested in the sale of infrastructure, under the principles of equality, transparency and objectivity.
The deadline for submitting applications is June 1, 2022.
The Navarra Circuit, on sale again
As stated by the manager of NICDO, Montxo Urdiain, to the SER, conversations have already been held with different international operators to sell the Navarra Circuit, although they have not yet received any serious offer: “We do not have firm offers to date. today. What we have done during this period is to enhance the value of the facility”.
But he assured that “yes, we have been in contact with international operators and we have shown them the benefits of the infrastructure, we have held international races such as the Superbike World Championship. And now what we have done is take out this process to see if a firm offer comes out of these conversations, of this work”.
Regarding the price of the circuit, there is no specific amount, but Urdiain has said that “it will be determined by the market. Likewise, he has pointed out that the objective is for Navarra to continue to have its circuit, even if it is managed by private agents “.
A very high cost
On the other hand, the manager of the public company explained the decision to sell the Navarra Circuit, which is none other than the high cost it entails for the Comunidad Foral: “Of all the facilities managed by NICDO, this is the one that most cost entails”.
As he has pointed out to the SER, the high costs come, on the one hand, from the payment of the loan, which amounts to 2.6 million euros per year and, on the other, from other expenses that have to be made each year, such as the resurfacing to continue hosting sports championships, which are another 1.4 million.
To this must be added the 900,000 euros from the farm last year. Adding up all the amounts, we are talking about 4.9 million euros per year.
The selection process
The selection process for the applications consists of two phases: in the first, those applications that meet the levels of economic and technical solvency set out in the competition rules and published on the Navarra Contracting Portal, on the NICDO website, are selected. and in the Circuit of Navarra.
In the second phase, they negotiate with the candidates that have passed the first phase and culminate with the presentation of firm offers for the sale of the circuit.
