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Concession for design, construction and operation of Madrid Congress and Exhibition Palace

Instituto de Turismo de España (TURESPAÑA)·Madrid, Spain·EUR 1279.3M·Deadline Sep 08, 2026 · 39 days left·Open·Works
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High valueStructured notice only
Original notice title

Spain – Building construction work – Concesión de obra, para la redacción del proyecto y dirección facultativa, construcción y explotación del Palacio de Congresos y Exposiciones de Madrid

65/100

Opportunity Score

Needs reviewHigh complexity
WorksOpen
Why this score?

Opportunity

65 / 100

Complexity

85 / 100

Risk factors

High upfront CAPEX (€105.7M) with project IRR of 7.65% over 40 years may not provide adequate return given long payback...

All award criteria are quality-based with no price component; 76% weight on 'automatic criteria' is vague and could hid...

Deep Portfolio Analysis

Deep Company Fit Analysis

Uses:

  • Description
  • Industries & Services
  • Capabilities
  • Market & Experience
  • Certifications

Overview

Moderate opportunity

Key Facts

  • EUR 1279.3M estimated value
  • Works contract
  • 1 lot
  • Duration 40 YEAR
  • Redact the execution project and provide technical management (project management) for the construction
  • Carry out construction works for the comprehensive rehabilitation of the Madrid Congress and Exhibition Palace complex
Show full summary

This is a public works concession tender by Turespaña for the complete rehabilitation, design, construction, and operation of the Madrid Congress and Exhibition Palace complex and its parking. The concession term is 40 years, including a 48-month design and construction phase. The estimated total concession value is €1,279,250,000, with a CAPEX of €105.7 million and a project IRR of 7.65%. The tender is conducted under an open procedure, with award based entirely on quality criteria. Submission is electronic via the Spanish contracting platform, with a deadline of 8 September 2026. Only a single lot is tendered. The notice indicates EU funding, but the XML cites no EU funds, presenting an inconsistency. Key requirements include drafting the execution project, performing construction, and operating the congress palace and parking for 40 years in exchange for an annual fee to Turespaña. Eligibility requires minimum annual turnover and past relevant works. Full procurement documents were not analyzed, increasing uncertainty.

Risks

High upfront CAPEX (€105.7M) with project IRR of 7.65% over 40 years may not provide adequate return given long payback...

All award criteria are quality-based with no price component; 76% weight on 'automatic criteria' is vague and could hid...

Analysis may be incomplete

Only part of the procurement documentation was analyzed. Additional eligibility requirements, certificates, or submission documents may exist in the remaining tender documentation.

Key Requirements

Technical

  • Concession duration: 40 years including 48-month design and build phase
  • Estimated total concession value: €1,279,250,000 (CAPEX €105.7M)
  • Annual canon payment to Turespaña

Requirements may be incomplete.

Award Criteria

Lot 1

Automatic quality criteria, weight 76 (code poi-exa) — 76%Value judgment quality criteria, weight 21.5 (code poi-exa) — 21.5%Improvements quality criteria, weight 2.5 (code poi-exa) — 2.5%

Buyer

Location

Madrid, ESP

Buyer profile

Open profile

Identifier

10718210115581

Activity

General public services

Lots (1)

LOT-0000

Concession for design, construction and operation of Madrid Congress and Exhibition Palace

Single lot covering design, construction, and 40-year operation of the Congress Palace and parking. Includes a 48-month design and build phase. Concession fee paid annually to Turespaña.

WorksEU fundedElectronic submission

EUR 1.3B

Estimated value

Location

ES300, Spain

Duration

40 YEAR

Category

Building construction work

Award Criteria

Quality

Deadline

Deadline Sep 08, 2026

Procurement Details

Publication date
10 May 2026
Languages
Spanish

Reference metadata

Legal basis
32014L0023

Reference IDs

Tender ID
319806-2026

Documents (1)

Procurement document 1

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