Banks have already given the green light to renegotiation nine PPP roads – Mad Money

This was the approval that was needed to close the contract amendments that allow savings to taxpayers

President of Portugal Roads and Refer, António Ramalho
DR

The banks have already given the green light to the renegotiation of nine of the 15 Public Private Partnerships (PPP) of roads whose contracts are being amended to lower the burden on taxpayers Portuguese.

According to President of Portugal Roads and Refer, António Ramalho, nine concessions were renegotiated and needed only the approval of the banks, “six already have agreement.” And of the six sub-concessions that were in the same situation, there are three that already have the yes of financial institutions.

In total, since these renegotiations began in 2013, were already achieved savings of EUR 586 million . Ie they are least EUR 586 million that the state, ie the taxpayer through taxes, is payable to concessionaires and sub new highways that were built in the last 10 years.

“We reductions we can not miracles, “noted Antonio Ramalho, yesterday afternoon in the results of Portugal Roads and Refer.

The agreement of the banks was what was holding back the renegotiations of these PPP contracts because companies had already given the green light, but according to António Ramalho the delay did not dictate changes to the savings that will get.