TITLE

Government overhaul leaves Portugal's PFI sector in turmoil

AUTHOR(S)
O'Connor, Joanne
PUB. DATE
January 2005
SOURCE
Lawyer;1/24/2005, Vol. 19 Issue 3, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Portuguese PFI market, a source of rich pickings for Great Britain lawyers, has bit a hiatus after December's sacking of the centre-right government. The regime, led by Pedro Santana Lopes, had been in office for only six months before Portuguese president Jorge Sampaio dismissed the government and called for early elections. In September 2004, the Lopes administration announced its decision to move away from shadow toll toward real toll projects. Under the shadow toll system, the government pays an agreed amount to the private sector, designed as a protection if usage on the road, and thus toll revenue, dips. INSET: PFI troubles hit Romania.
ACCESSION #
15954118

 

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