Public-Private Partnerships (PPPs) in the road sector have significantly contributed to the delivery, operation, and maintenance of motorway infrastructure in Portugal. Since 1998, private investment in the road sector has exceeded 14.000 million euros, nearly doubling the length of the national motorway network to over 3,000 km, turning it into the 4th largest in Europe and the 2nd in terms of km per inhabitant.
The diversity of remuneration models in this sector is notable with the coexistence of real toll concessions, where revenues are obtained directly from users, and availability payments in the case of the former shadow tolls (SCUTs). As a result of contractual renegotiations for the introduction of real tolls to its users in 2010/2011, all but one of these former shadow toll concessions saw their remuneration risk decoupled from traffic, with the new toll revenue reverting directly to the State (through IP – Infraestruturas de Portugal).
According to UTAP – entity under the Ministry of Finance providing specialized technical support and monitoring for national PPPs – the availability payments to the former SCUTs amounted to 484 million Euros, with an additional 24 million euros payments due to toll collection costs (figures for the 1st semester of 2023). IP’s revenue from toll collection in the former ex-SCUTs reached 142 million Euros in the same period, even despite the generalized discount of 50% to users introduced in 2021. A further generalized discount instituted at the beginning of 2024, which is currently in force, reduced the kilometric tariffs to 35% of the toll rates initially established.
The possible ban of toll charges on the former SCUTs is presently under consideration.
VTM is Portuguese, Spanish, Italian… but also Brazilian, Romanian, Polish — and the list keeps growing! To celebrate this richness, we thought it would be both useful and fun to give our Clients and colleagues a little help: how to properly pronounce our names. Let’s see how it goes — practice makes perfect!
Earlier this year, VTM leveraged its professional expertise to provide contributions to the written consultations and meetings organised by IMT-Instituto da Mobilidade e dos Transportes, focusing on the elaboration of guidelines for the development of Sustainable Urban Mobility Plans (SUMPs). On December 10th, the official launch of the SUMP Guide took place at the Fórum […]