The port of Melilla closed with losses in 2021 as traffic with Morocco fell
The port of Melilla has been the only one in the Spanish port system that closed 2021 with losses, which he considers an “obvious symptom of the special circumstances in which Melilla finds itself, facing the port a maximum uncertainty alert”. In a press release, the Melilla Port Authority has reported that its Board of Directors has approved its 2021 accounts, which have been weighed down by the notable drop in freight and passenger traffic.
However, the port of Melilla has closed with fewer losses than the previous year thanks to various measures, some of them aimed at containing personnel costs and an “effort to contain current spending” that led to savings of more than 500,000 euros in external services. Added to this is the fact that the port of Melilla received in 2021 a total of 4.5 million euros from the Interport Compensation Fund compared to 1.6 million the previous year.
It also highlights the “slight recovery” of the net amount of turnover, which has increased by 1.7%. All of this has meant that 2021 closed with fewer losses despite the effect of the pandemic and the closure of the land border with Morocco throughout the year.
This recovery of the result of the exercise translates into an increase end of treasury of more than one million euros which, according to the Port Authority, strengthens the positive working capital of the entity, making its financial situation viable in the short term without requiring additional financing.
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