Increase in Budget for Santiago del Teide to El Tanque Insular Ring Road Due to Environmental and Safety Enhancements

Pedro
By Pedro
7 Min Read
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The budget for the Insular Ring section between Santiago del Teide and El Tanque has increased by nearly €21.5 million due to environmental, energy efficiency, and safety improvements implemented by the Ministry of Public Works at the Erjos tunnel. The total cost now exceeds €302.6 million, which is an increase of €61.1 million from the initial €241.5 million awarded for the project, taking into account the three price updates applied since work started in November 2019: €3.7 million (2022), €15 million (2023), and €7.2 million (2024). This figure also includes a €13.7 million compensation paid by the Canary Government to the UTE OHL as the final contractor, as ordered by a court ruling.

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