Overview
- The Spanish government has approved a €1.3 billion Strategic Project for the Recovery and Economic Transformation (PERTE) to industrialize housing construction, with funds made available immediately.
- The initiative mandates that public aid be tied to the delivery of affordable housing units, aiming to address the country's housing accessibility challenges.
- Valencia's Port Logistics Zone (ZAL) will host the City of Construction Industrialization, serving as a hub for innovation, training, and collaboration in prefabricated housing.
- The PERTE allocates €1 billion for financing through the Official Credit Institute (ICO) and €300 million for capitalization to strengthen the financial capacity of construction companies.
- A tender for 1,600 public housing units will launch in the coming weeks, incorporating industrialization criteria into its evaluation process.