A TREASURE ship that both Spain and Colombia claim ownership of would cost €57.2 million to recover, a new report has revealed.
The San Jose galleon, which was carrying among its haul 11 million gold and silver coins, was shot down by British Pirates on June 8, 1708.
Found on December 4, 2015 off Colombia’s Caribbean coast, it was heading from Spain to Cartagena.
There is an ownership debate between the two countries with Spain stating it was a state-owned vessel, while Colombia argues the treasure is rightfully theirs as it was on its way to the country.
Both however, have expressed a readiness to reach an amicable agreement.
Colombian president Juan Manuel Santos has stated that public and private companies would be used to recover the wreck, as not to use taxpayers’ funds.
The haul which was estimated at $1 billion (€811,400) in 2012 also includes several million emeralds, pearls and other precious stones.
- LOCA FOR LOCAL: Fantastic wines can be found in Malaga and Andalucia - 27 May, 2018 @ 11:19
- King of Reggaeton J Balvin coming to Spain’s Costa del Sol - 19 May, 2018 @ 09:39
- More than 7.5 TONNES of hashish seized after Manilva-Estepona smuggling operation busted - 18 May, 2018 @ 15:40
- Spanish student auctioning her virginity has already been offered €250k - 18 May, 2018 @ 14:42
- COMPETITION ALERT: Win return flights to UK with Jet2 - 17 May, 2018 @ 16:18
- Come fly with me – new routes launched from UK to Spain - 16 May, 2018 @ 16:10
- Six towns on the Costa del Sol set to get a boost from European grants - 16 May, 2018 @ 15:35
- Spanish museum set to show controversial exhibition that was cancelled in New York following protests - 13 May, 2018 @ 15:00
- WINE TIME: Cocktails to enjoy in the sunshine (finally!) - 12 May, 2018 @ 14:14
- New TV series based on Spanish Civil War whips up Twitter storm - 12 May, 2018 @ 14:00