Estradas de Portugal road authority to receive US$1.05bn from 2013 state budget
Portuguese road authority Estradas de Portugal will receive US$1.05 billion (€781mn) from the state budget in 2013. As part of this, an agreement for a €238 million loan has already been signed with state secretary Maria Luis Albuquerque.
January 31, 2013
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Portuguese road authority 1410 Estradas de Portugal will receive US$1.05 billion (€781mn) from the state budget in 2013. As part of this, an agreement for a €238 million loan has already been signed with state secretary Maria Luis Albuquerque.
Portuguese road management company Estradas de Portugal (EP) received government loans totalling €851.3 million between January and September 2012, bringing the firm's total debt to €2.7 billion in the third quarter of 2012. The amount lent to EP was part of a €2.25 billion sum lent to a variety of non-financial state-owned companies in the first nine months of this year. However, the loans equated to less than half the amount granted by the government in loans to non-financial state-owned firms in the same
Following a government decision, a new model for the management and financing of the road infrastructures sector was defined in 2007 and is now being implemented
The national road agency (Estradas de Portugal or EP, EPE) was transformed into a state-owned public company, Estradas de Portugal, SA (EP, SA), and a new body, the Institute for Road Infrastructures (InIR), was created with public functions of regulation and supervision of road infrastructures.
InIR is now the Portuguese national road authorit
Following a government decision, a new model for the management and financing of the road infrastructures sector was defined in 2007 and is now being implemented. The national road agency (Estradas de Portugal or EP, EPE) was transformed into a state-owned public company, Estradas de Portugal, SA (EP, SA), and a new body, the Institute for Road Infrastructures (InIR), was created with public functions of regulation and supervision of road infrastructures.
The Portuguese road agency Estradas de Portugal (EP) intends to invest €1.33 billion between 2015 and 2020 on the construction of new roads and on the renovation of existing ones. Some €893 million will be allocated on the construction of new roads, notably the tunnel at Marao which is costing €146 million and the €600 million IP3 road connecting Coimbra and Viseu.
