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Home Europa Press

The Cabildo de Tenerife approves investments for more than 115 million euros

May 27, 2022
in Europa Press
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The Cabildo de Tenerife approves investments for more than 115 million euros
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SANTA CRUZ DE TENERIFE, 27 May. (EUROPE PRESS) –

The plenary session of the Cabildo de Tenerife has approved this Friday an extension of credit worth 115,239,625 euros with which the investments planned for this year in terms of employment and socioeconomic development, education, the primary sector, public infrastructures and strategic works in municipalities.

The president of the Cabildo, Pedro Martín, stressed that this aid package “will allow continuity to be given to two major strategic lines for the development of the Island, launched for the first time in this mandate, such as aid to SMEs and the self-employed, to which will be allocated 7 million euros, and the subsidies for the hiring of unemployed people in collaboration with all the island’s municipalities, which have been an important instrument to combat the crisis derived from the pandemic and in which we will invest another seven million because they are still needed.

Martín also highlighted the subsidies to the island’s municipalities, worth 5 million euros, to mitigate the rise in electricity prices, related to water consumption, mainly in wells. According to him, he detailed, for the distribution of these aids, not only population data will be taken into account, but links will be established with the consumption of water from wells.

The island president also referred to the more than 6 million euros earmarked for the primary sector, which will include direct aid for the marketing of tuna, one million for subsidies to livestock farms and the commissioning of the study of the Livestock Plan of the Island.

With regard to strategic works and infrastructures, the Island Corporation will increase the planned allocation for works in the Polígono de La Campana by 4.7 million, and will add another 4 million to the 2022-2025 Cooperation Plan for the execution of sanitation works and supply, “which allows us to expand our collaboration and continue improving the quality of life of citizens,” added Martín.

In the same way, the subsidies for the modernization and equipment of cultural infrastructures stand out, the 10 million euros for the renewal of the Titsa fleet, and the 3 million to promote the Insular Sports Facilities Program 2022-2026.



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