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PPP cut backs

Portugal’s Prime Minister has announced that plans are in place to reduce by 30% the amount spent by the State on public-private partnerships (PPPs).

Pedro Passos Coelho said this reduction would mean a saving of between €4 billion and €4.5 billion.

The prime minister said the government had set itself a goal and was currently renegotiating some PPP contracts, along with national road authority Estradas de Portugal, to ensure a saving of nearly 30%.