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Spain Offers €1 Billion in Bid to Host Thirty Meter Telescope

Credit: TMT Spain has offered a package worth up to €1 billion to support the construction of the Thirty Meter Telescope (TMT) on La Palma in the Canary Islands. The Spanish site is currently the project’s designated alternative, with Mauna Kea in Hawaii remaining the preferred location. Announced on 29 July, the package includes a €400 million contribution from Spain’s Ministry of Science, Innovation and Universities through the Centre for the …

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The Ministry of Science will contribute 400 million and the rest, to 300 million, will be covered by the EIB and the ICO.

Spain and the European Investment Bank (EIB) have articulated a plan of 1 billion euros for the Thirty Meters Telescope (TMT) in La Palma, subject to the international consortium choosing this headquarters. The proposal, recently submitted, makes the Spanish candidacy the most financially and technically sound.A financial architecture unprecedented The scheme designed jointly by the Centre for Technological Development and Innovation (CDTI) and …

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Libertad Digital broke the news on Wednesday, July 29, 2026.
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