Government of Portugal re-launches privatisation process of flagship airline TAP

20 October 2014

The Portuguese government plans to re-launch the privatisation of flagship airline TAP Portugal by the end of 2014, if “market conditions are conducive to the success of the operation,” according to the State Budget for 2015.

In the proposed State Budget for 2015 the Government restates its intention, by the end of 2014, to launch the concession procedure for public transport in the city of Porto, run by STCP and Metro do Porto, as well as for the concession to operate Lisbon transport services – Carris and Metropolitano de Lisboa.

In 2015, the Government also intends to launch the privatisation process of rail cargo company CP Carga and maintenance company Empresa de Manutenção e Equipamento Ferroviário (EMEF), and plans to conclude it that same year.

“Following the concession process for Carris the privatisation process for Carristur will begin,” according to the 2015 State Budget.

In mid-2015 the government expects to complete the privatisation of Empresa General de Fomento (EGF), a sub-holding company of water group ADP – Águas de Portugal for the waste sector. The sales contract is expected to be signed by the end of this year.

In relation to TAP, the Government said that the re-launch of the airline’s privatisation should occur before the end of 2014, “when market conditions are conducive to the success of the operation.” (macauhub/PT)