Agreement for the management of the Execution Unit 1 of the Integrated Action Plan 1 of Zorrotzaurre and the by-laws of the future Execution Unit 1 Contracting Board

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On October 2nd, 2013 the Agreement for the management of the Execution Unit 1 of the Integrated Action Plan 1 of Zorrotzaurre was definitively approved by the Bilbao City Council. Together with the Agreement, the by-laws of the future Contracting Board of the Execution Unit 1 were approved.

This first Execution Unit covers an area of 389,654 m2 and includes the entire right bank of the Deusto Canal and the northern and southern ends of the future island.

The main agreements reflected in the document, signed by the City Council and the main owners of the Execution Unit 1 on October 15th, are as follows:

a.Set up as the Contracting Board in the month following the signing of the Agreement.

b.Draw up, through the Board, the Plot Reordering Project for an equal distribution of benefits and charges,

c.Transfer to the City Council the obligatory free plots.

d.Contract the urbanisation works.

e.Accept the urbanisation charges and execute the urbanisation, infrastructure and service works covered by the Execution Unit.

f.Organize the execution of the urbanisation works in the phases and time scales foreseen in the Urban Action Programme.