Government committee lambastes Lisbon PA

The Portuguese government’ s audit committee (Tribunal de Contas) has declared that the Port of Lisbon Authority (APL) is losing millions of euros annually because of the way it allocates concession contracts, many of which are questionably profitable. The worst contracts are those offered to multipurpose terminals, says the committee.

The Portuguese government' s audit committee (Tribunal de Contas) has declared that the Port of Lisbon Authority (APL) is losing millions of euros annually because of the way it allocates concession contracts, many of which are questionably profitable. The worst contracts are those offered to multipurpose terminals, says the committee.