Tenerife Council approves 35 million euro loan and housing initiative

The Cabildo de Tenerife has approved a 35 million euro loan to fund various infrastructure projects across the island. This decision, supported by Coalición Canaria, Partido Popular, and Vox, comes while the institution is under an Economic and Financial Plan due to previous spending rule violations.

The loan is intended to finance investments in roads, mobility, sports, industry, and the environment. Specific allocations include 12 million euros for the island road network, 5 million euros for improvements to the Heliodoro Rodríguez López Stadium, 4 million euros for a sports infrastructure plan with local municipalities, and 2 million euros for industrial estates.

In a separate move to address the housing crisis, the Council approved a motion to recognize the public company Viviendas Sociales e Infraestructuras de Canarias (VISOCAN) as its own personified entity. This initiative aims to accelerate the promotion, construction, and rehabilitation of public housing to improve accessibility for citizens and young people.