Five plots designated for building on the Orihuela Costa are set to make 14.5 million euro for Orihuela council, which is over two and a half million euro above the original projected value.
The money is to be used for projects across the municipality which currently have no budget, including a new cultural centre for the Orihuela Costa.
Orihuela’s planning councillor, Rafael Almagro, said that land prices had gone up by 50 percent over the last four years compared to the council’s last land auction in 2013, giving a strong indication of the economic recovery which was filtering through to the construction sector.
Almagro added that the current land sale process is almost finished, and subject to legal approval, he outlined a series of developments that would come from the money entering the council’s coffers.
Planned projects for the Orihuela Costa, besides the proposed cultural centre, include improvements to the local roads, parks, and green areas.
In Orihuela City, a refurbishment of the railway station ahead of the high-speed AVE link is in the pipeline as well as building a sports complex, plus the creation of more bicycle lanes across the municipality.