Portugal renegotiates PPP contracts

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Portugal renegotiates PPP contracts

The Government of Portugal has finally renegotiated the last six roads concessions, in which it is expected to save about €3.5 billion (US$3.94 billion).

The six roads are the following:

  • Algarve Litoral, with €460 million saved,
  • Baixo Alentejo, with €1.039 million saved,
  • Baixo Tejo, with €202 million saved,
  • Pinhal Interior, with €1.308 million saved,
  • Litoral Oeste, with €208 million saved and
  • Douro interior, with €316 million saved.

This announcement marks the end of the road renegotiation process as the country's nine roads concessions have already been renegotiated.

Portugal has achieved savings for a total amount of approximately €7.35 billion (US$8.28 billion) during the life of the concessions by renegotiating the contracts.

The Portuguese road infrastructure is considered one of the best in Europe by the Global Competitiveness Report for 2014-2015.

In April this year we reported that the Municipality of Coimbra, Portugal, has launched a tender process for a car park PPP project in the Convention Cultural Center located at the Convent of St. Francisco. The project will involve the development, finance, operation and maintenance of the new facilities.

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