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Government guarantee for Portuguese roads

16 March 2009

The Portuguese government is providing an Eu800 million ($1.03 billion) guarantee to the Litoral Centro highway concession – and will provide a similar-sized guarantee for the Pinhol Interior concession - as Portugal's new road programme brushes aside commercial bank liquidity constraints.

Both the Litoral Centro and Pinhol Interior concessions recently received a fillip when the EIB relaxed...

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