One of Spain's "ghost airports" - expensive projects that were virtually unused - received just one bid in a bankruptcy auction after costing some €1.1 billion to build. The buyer's offer: €10,000.

Ciudad Real Central airport, about 150 miles south of Madrid, became a symbol of the country's wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened.

The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic.

Spanish news agency Europa Press said Chinese group Tzaneen International tabled the bid in yesterday's auction. The receiver had set a minimum price of €28 million. If no better bid is received by September, the sale will go through.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.