Chinese investors eye public transport privatizations in Portugal

13 May 2014

Companies from China are potentially interested in the privatisations of public transport concessions in Lisbon and Oporto and waste company Empresa Geral de Fomento (EGF), due to begin in May, Portugal’s economy Minister said in Shanghai.

Interest from Chinese companies, according to António Pires de Lima, is another reason “to provide more detailed information to potential investors in all the projects,” on this trip to China.

The minister also said that the Portuguese-Chinese mixed commission, due to be held in Beijing and attended by deputy Prime Minister Paulo Portas, was important in this area.

“Portugal is particularly interested in selling products to China, such as cars, minerals, marble, eucalyptus pulp, as well as footwear, clothing and real estate,” the minister said.

According to Pires de Lima, this visit to China has “enormous potential,” proof of which is the fact that around 100 businesspeople have joined the President’s delegation, many of which will close deals or look into potential deals.

In 2013 Portugal exported 650 million euros’ worth of goods to China and in the first two months of this year exports rose by 45 percent. According to Pires de Lima this is just a “small drop” of what China may be worth to Portugal.

The Economy Minister, who is part of the delegation accompanying Portugal’s President Cavaco Silva on an official visit to China, noted Portugal’s interest in further boosting economic and commercial ties with China, both through exports and investment, specifically “golden visas” and privatisations. (macauhub/CN/PT)