The spectacular Caminito del Rey walkway, suspended precariously on a rockface in a gorge, some 100 metres above a river, will have a new management company at the helm for the next five years.
The provincial government in Malaga has awarded the concession to a consortium formed by the Sando construction company, Salzillo Servicios Integrales and events organiser Mundo Management.
Although the tender document allowed an increase in ticket price to 12 euros the group behind the winning bid will keep it at ten euros.
The consortium - in which Sando has 55 per cent stake; Salzillo, 35 per cent; and Mundo, ten per cent - replaces Hermanos Campano-Bobastro 2000, who managed the tourist attraction for the last five years.
The new group has agreed to pay an annual fee of 350,000 euros and 46.3 per cent of the maintenance costs to the provincial government.
It is estimated that the new management company could take over the attraction from the second half of May as long as there are no appeals following the award of the concession.
In future, some 60 per cent of the tickets will be sold directly to the public through the website, 35 per cent will allocated for authorised agencies and establishments; and five per cent are reserved for teaching, scientific and promotional visits.
There is a 1,100 person daily cap on visitors during the first year (as at present), which could be expanded to 1,300 visitors the following two years and 1,500 people in the last two years if agreed by the authorities.