The council of ministers in Spain has approved two collaboration agreements for financing and implementing road works in Balear. The agreements took place between Ministry of Development and the Island of Ibiza and Formentera.

The agreements aim to establish a collaborative between the Ministry of Public Works and Highways Consells on.

The ministry will provide a total of €55.4m to Ibiza and €13.4m to Formentera.

It would further provide €67.8m for Menorca and €431m to the Island council of Mallorca.

The highways and road works will be funded between 2009 and 2017.