Back to home
Business·

Naturland seeks private investor as Sant Julià de Lòria weighs park's future

Mayor Cerni Cairat says no private backer has committed yet, as the parish pursues an eight-year plan to cut Naturland's reliance on public funding.

Key Points

  • Mayor Cerni Cairat said no private investor is yet tied to backing Naturland.
  • The eight-year master plan aims to reduce the park's reliance on council funding.
  • Liquidation could cost €14 million to €15 million, Cairat said in July.
  • Camprabassa is containing staff costs and adding attractions such as the double zipline.

Sant Julià de Lòria's mayor, Cerni Cairat, has said that no private investor has yet committed to backing Naturland, as the parish continues its push to financially separate the La Rabassa adventure park from the council.

"Ara per ara no n'hi ha cap de lligat, però hi treballem," Cairat said following a council meeting, according to Diari d'Andorra. Bringing in outside capital would reduce Naturland's reliance on public funding and help secure the company's viability.

The search for private investment is one of the central goals of the park's eight-year master plan. Without it, the council would have to consider alternatives such as partially closing activities or even an orderly liquidation of the company—an option that would cost between €14 million and €15 million once staff severance, land restoration and repayment of debt to the council and financial institutions are included, Cairat said in July.

Cairat said Camprabassa, the park operator, is already applying measures to improve its finances, notably by containing staff costs and adding new attractions such as the double zipline at the 1,600-metre Eclipsi level. He said these steps "hauran de fer créixer la facturació i rendibilitzar la companyia."

The mayor acknowledged that a drop in visitors to Andorra this summer also affected Naturland and its financial results.

Work is also under way to add more parking at the 1,600-metre level, which Cairat said should curb uncontrolled roadside parking and improve safety along that stretch of the La Rabassa road.

Naturland has recorded persistent losses and relied on direct council funding since it opened in 2007. A 2021 brand overhaul and a commercial policy based on higher average prices and cost containment have fallen short of expectations.

Another key project is the transformation of the 1,600-metre level. Part of the La Rabassa plain will be returned to a more natural state, with concrete and artificial elements removed and some waste from a soil dump used to create new levels where native plant species will be replanted. The master plan also includes restructuring the company's debt by moving short-term liabilities to longer terms.

Share the article via