Public transport 30% receive less compensation … – Business Journal – Portugal

Public transport 30% receive less compensation … – Business Journal – Portugal

Public transport 30% receive less compensation in 2014

The reduction of compensation to the transport sector is almost € 58 million this year , being the company Carris biggest cut will feel. Compared to 2013, the social contributions of passes increased by 20%.

The State will deliver this year to public enterprises of road, rail and sea-river transport 143 700 000 euros in compensation for public service and contribution to social passes.

This is the sector that receives the largest share of EUR 229.092 million approved on Thursday by the Council of Ministers for the distribution of compensation Compensatory by different companies providing public service.

In 2013 this amount had risen to 324 million euros, which represents a reduction of 95 million

Only in the transport sector -. Excluding aircraft – a reduction from last year for this is 28.7%, ie, will receive a € 57.8 million compared to 201.5 million delivered in 2013.

The compensation for the public service of these transport companies public decreased 35.2% from 179 to 116 million euros, while the social compartipações passes increased by 20%, from 22.4 to 26.9 million euros.

Carris is, these companies the greater reduction will feel. In total compensatory damages awarded to the company decreased over 62%, from 21.4 million in 2013 to less than € 8.1 million in 2014.

Since the CP receive less this year 42.1 % of compensation, getting up by 22 million euros, adding the contributions by the public service and by passes.

In STCP, the reduction of compensation is 25.3%, 16 3 to € 12.2 million, while the Metro do Porto is a decrease of 23.2%, from 14.7 to 11.3 million euros.

Also Refer will receive this year least 7.3%, from the compensation awarded from 53.7 to EUR 49.8 million.

In water transport, and Transtejo Soflusa receive less this year only 0.1% of compensation compensatory concerning social passes.

As for the compensation paid to private road transport sector, the values ​​approved on Thursday by the Government represent an increase to twice the given in 2013, from 9.1 to 18.3 million euros. Remember that the government changed the key revenue sharing of passes, plus there is a debt of the State to these companies.