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Portugal - Transport sector memorandum (Английский)

This memorandum reviews developments in the transport sector in Portugal, as background for the Bank's dialogue with the Government on the sector. The major issues it finds recurring in each mode of transport are: (a) over-age equipment and low productivity; (b) large deficits among almost all the public sector transport agencies; and (c) investment programs that have allocated too much to large-scale projects with slow and uncertain returns. To remedy...
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