Infrastructure Portugal (IP), the public giant that resulted from the merger of Estradas de Portugal with the REFER, closed the first half 2016 profits of 5.1 million euros, a favorable performance compared to losses (12, 2 million) recorded in the same period 2015.
Since the operating result (EBITDA) stood at 307 million euros, a decrease of 3% compared to 2015. the IP explains the reduction in the half-yearly report Thursday issued with the replacement of wages that have increased personnel costs.
tolls for high
by the end of June the IP toll revenue rose 8% and rail services 11%. Tolls totaled 155.7 million euros.
Since the railway revenue totaled 50 million euros, which represents an annual growth of 11%. IP enhances this performance “despite the maintenance of the level of use of railway infrastructure and stability of prices”.
The challenge is financing
The funding deficit in half stood at 487 million euros, representing 37% of the amount planned for the year 2016.
the company estimated at EUR 880 million financing needs for this year. The IP carries a debt of 8.2 billion.
The IP recognizes that its greatest challenge “remains the financing of investment activity either on the highway or on the railway.”
the half-yearly report is still the responsibility of the administration headed by António Ramalho that in late July went to the New Bank. The IP is chaired since the beginning of August by Antonio Laranjo.
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