€460,000 La Lobilla road works

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€460,000 La Lobilla road works
THE WORKS ARE HALF WAY FINISHED

WORKS to build a second ring road in La Lobilla are at the half way stage.

The project will include the creation of two green spaces measuring more than 9,000 metres, as well as installing a road, paving signage and street furniture. Estepona council hopes the works will help to alleviate traffic problems in the town.

The investment will not incur any expense for the council as the project is being entirely financed by bank guarantees from construction companies which did not comply with their contractual obligations when building in the town originally.

New legislation requires developers to deposit guarantees with banks before projects are started and the town hall checks the work before returning the money.  These most recent works have been pending since 2008 due to a “failure on the part of the promoter who built the housing development,” according to Estepona Council.

The town hall started claiming back the fee paid in 2012 in a “long administrative procedure.” The money claimed back will now fund more than €4 million worth of works.

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