Local authorities have received seven bids to build the facility in San Vicente de la Barquera

A new marina is to open in San Vicente de la Barquera on the Spanish Mediterranean coast, thanks to an investment estimated to be worth some €4m (US$4.5m).

Local authorities have obtained seven bids in their tender for the construction of the facility. Spanish construction firm Sato offered to develop the marina for slightly more than €4m, around 36% less than the tender budget of €6.27m, according to local paper El Diario Montanes.

Under the plan, the new marina will have 272 berths. Of these, 137 will be for boats of up to 6m (20ft), 65 for boats up to 8m (26ft), 51 for boats of up to 10m (33ft), and 19 for boats up to 12m (39ft).

Financing for the project will spread from 2019 to 2021. This year the municipal budget includes around €130,000 in investment, while the remaining amount will be included in the budgets for the years 2020 and 2021.

San Vicente de la Barquera is located in Cantabria, a region in northern Spain.