The Government Council of Aragón has given the green light to the agreement with the Government of Spain for the Teruel Investments Fund (FITE), which includes a joint investment of 73 million euros. This agreement aims to boost the economic development of the province of Teruel, addressing the structural imbalances affecting the region.
The new agreement marks a significant increase in annual contributions, rising from 30 to 36.5 million euros from each government. This increase will be more evident in 2026, when the total investment will reach 86 million euros. This adjustment in funding is the result of a bilateral meeting between both governments, promoted by the Aragonese president, Jorge Azcón.
Selection and Execution of Projects
The Government of Aragón is responsible for selecting the projects that will receive funding, with the condition that they are approved before the end of 2025. Each project must have a minimum cost of 125,000 euros, and the actions must be justified by December 31, 2028. The agreement allows for financing both individual projects and groups of actions that share a common objective.
The agreement establishes eleven lines of investment, including transport infrastructure, business initiatives in sectors such as industry, agribusiness, and tourism, as well as infrastructure for companies and environmental protection. Investments in information society, social cohesion, culture, sports facilities, technological and space projects, development of depopulated rural areas, and recovery of democratic memory are also contemplated.
Strategic projects, those exceeding 3 million euros or that have received more than 6 million in the previous three agreements, may be declared as such. In addition, a portion of the funding is reserved for educational and healthcare infrastructures. The agreement allows for the modification, replacement, and incorporation of new projects during its execution, always with the authorization of the General Intervention.
