Publications

Project Finance Opportunities
Banking and Capital Markets
2008-04-16

The Portuguese equivalent of Public/Private Partnerships (PPP) started with the construction of the second Tagus Bridge, one of the longest bridges in the world.

Between 1997 and 2007, several projects for the development of a major road construction programme achieved closure.

More recently the Government, in office since March 2005, announced as main objectives of its economic programme to promote the growth of the economy, reduce unemployment and bring the Government deficit to within the limits of the Stability Pact.

To that effect, the Government plans the development of major infrastructure projects worth €25,000 million through existing and new PPPs, which are described in the infrastructure investment priorities programme (Programa de Investimentos em Infra-estruturas Prioritárias – the “Priorities Programme”) presented in July 2005.

This paper reviews the major PPP projects which are presently being studied, evaluated and/or implemented in Portugal: the construction of a high speed rail network, a new international airport in Lisbon and the conclusion of the National Road Programme.

© 2008 Macedo Vitorino & Associados

« Back