Extension of Public Domain Concession for El Barquito Marina in Lanzarote

Key Details

• The Canary Islands authorities have announced an exceptional extension of the public domain concession for the El Barquito marina in Lanzarote's Yaiza municipality.
• The extension empowers Puerto Calero Marinas, S.L., to continue building and managing the marina for the next 35 years.
• This extension follows a decision by the Canary Ports Council on July 25, 2025.
• It allows the company to operate on the entire marina surface.

Impact and Investment

• This extension is significant for Lanzarote residents and visitors.
• It secures ongoing investment in the marina, with Puerto Calero Marinas committing over 4.4 million euros for improvements and maintenance.
• The initial investment was valued at over 8.1 million euros.
• The annual concession fee increases annually with inflation, ensuring the project remains economically viable.

Government Support and Economic Benefits

The decision underscores the government’s support for sustainable tourism and local infrastructure.

• It is crucial for Lanzarote’s economy, which heavily relies on its marina and port facilities.
• It assures long-term stability for the marina's operations.
• Promises continued growth and employment in the region.

Benefits for Residents

• Better facilities.
• More robust tourism services.
• Vital for the island’s economic health.