Updated on Saturday, 11 September 2021 – 03:15
The activity of the new airport will have generated tax revenues of 10,700 million euros per year, for the 6,200 registered in 2018, according to a study by the University of Barcelona
El Prat Airport Quique GarcaEFE
Less growth, fewer jobs, and less tax revenue. These are the consequences of the stoppage of the expansion of the Josep Tarradellas-El Prat airport caused by the political fight between the Government and the Generalitat, and between the parties that make up the two coalition executives. They are economic and social consequences that can be quantified.
The University of Barcelona and the AQR Lab Applied Economics Laboratory have prepared the study Estimation of the impact of the JT Barcelona-El Prat Airport on the long-term GDP of Catalonia, which turns black on white the hole it will leave in the Catalan economy -and also in the national one – the fiasco of the airport.
The report calculates what the plan planned by Aena would have contributed to the economy, both with the extension of the runway and with the construction of the new Airport City, when it was fully operational, in twenty years
One of the most significant data is the loss of tax collection that will mean for the coffers of the Generalitat. Thus, in 2018, the direct, indirect and induced activity – counting all the sectors involved in the airport, from flights to tourism or commerce – in El Prat generated income for the Catalan Treasury of 6,289 million euros, adding personal income tax, VAT and Corporation Tax, while experts from the University of Barcelona calculate that at the end of the investments, the Generalitat will be collecting 10,737 million euros, 70% more in that period.
This means that the Generalitat stop raising around 4.5 billion -somewhat less depending on the rate at which the investment is undertaken-. Tax revenues from the activities of the barcelons airport in the whole of Spain will go from 7,500 million in 2018 to 12,901 million in 2042, 72% more.
The damage is done on all levels. In 2018, El Prat and its attached businesses – adding their contribution to tourism activity, for example – employed 218,181 people in Catalonia. Forecasts raised that number to 364,993 workers when the expansion was underway. Some 146,000 jobs that will not see the light of day while thinking of another solution to avoid the congestion of El Prat.
The report raises 56,660 million euros in 2042 the total business volume that the new El Prat would have generated, with an increase of 68% compared to 2018. In summary, the contribution to the expanded Catalan GDP of El Prat would have been 8.9%, compared to the current 6.8%. It is understood the clamor of the businessmen against the paralysis, which the employer’s association Foment del Treball, described as ruin for the Catalan economy.
In this sense, the president of Aena, Maurici Lucena, anticipated yesterday that the non-expansion of El Prat will lead to its saturation as of 2025 or 2026, which will cause an increase in the prices of the flights of the airlines that operate from there. .
“Barcelona will reach a level close to saturation within a few years and will have to face competition from other airports such as those in Milan, Rome and Vienna, and they should be happy because they have one less competitor. In their opinion, This saturation will occur around 2025 and will make it impossible for more routes to be incorporated and this will lead to a increase in prices by airlines by the rule of supply and demand “.
Of this rise in prices, airlines have also warned, which emphasize that hecitizens will also end up paying for delays caused by airport congestion.
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