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Home Europa Press

The Government reimburses 7.2 million Fred. Olsen for the subsidy to Canarian residents

March 25, 2022
in Europa Press
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SANTA CRUZ DE TENERIFE, March 24. (EUROPE PRESS) –

The Government Council of the Canary Islands approved this Thursday the reimbursement of 7,233,871 euros to the shipping company Fred. Olsen, SA as a reinstatement of 25% corresponding to the Administration of the Autonomous Community of the subsidy for Canarian residents for inter-island trips made during the fourth quarter of 2021.

This compensation corresponds to 669,575 Canarian residents who opted for this maritime company to make trips between islands during the months of October, November and December of the year 2021 and represents an increase of 63% in passengers compared to the 427,422 passengers who traveled in the same quarter of the year 2020.

This increase in Fred Olsen reflects the general trend registered by inter-island maritime mobility, with an increase in passengers in all shipping companies operating in the Canary Islands, reaching 1,102,362 people transferred in this last quarter of 2021, reports the Executive in a note.

These figures consolidate the recovery of passenger transport by sea after the Covid-19 crisis (in the last four months of 2020, 729,406 passengers chose the ship) and even exceed pre-pandemic figures, since in the same period of In 2019, 939,683 travelers moved by boat between the islands.

The budget item requires the authorization of the Government Council of the Canary Islands, as it is an amount greater than two million euros.

Subscriptions are made on a quarterly basis to all shipping companies operating in the archipelago, by virtue of Decree 222/2000, of December 4, which establishes the bonus system for inter-island maritime transport of travelers resident in the Canary Islands, contributing the Autonomous Executive with 25% of the total.

The remaining 50% of this discount, up to 75% of the value of the passenger’s ticket, must be paid to the Ministry of Transport, Mobility and Urban Agenda.



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