An audit of the Court (TC) to Automatic Transportation System Oeiras Urban (SATU) strongly criticized the mayors of the various parties, who approved the project, but also the administrations who managed, at long the years, municipal company.
With an average of 1.5 passengers per trip and without viability, ‘underground’ or “ghost train”, as became known, ended on 31 May. Each passenger cost to the state, according to the court, between 16-19 euros.
About 2008 accounts to 2012, TC makes an “unfavorable overall judgment” and says that in 2012 the municipal company has gathered conditions to be extinct.
The judges will however further and say that detected accounts with “irregularities” and “distortions” representing a “failure of liabilities” of around 20 million euros, which means the debt of the municipal company was around, after all, at the end of 2012, 26 million.
In practice, the statutory accounts of these five years old did not have “a true or fair view of the equity, of “and liabilities as a result, spending money and in debt because of SATU Oeiras.
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