03
08/11
Portugal To Forgo Public Private Partnership For Exports

© flydime
Portugal is facing deficit problems because of its dependence on public private partnership and public investments. This was conveyed by Alvarado Santos Pereira, Minister of Economy, Portugal.
According to the Minister prior investments in infrastructure developments by earlier socialist government of Portugal, had caused the huge deficit. As a result Portugal was forced to abandon high profile investments in infrastructure like the bullet train to Madrid and other important cities of Portugal as well as a major international airport in Lisbon.
According to the Minister Public Private Partnership was an economic drive based on the vision of fast growth and development.
Officials of IMF and EU have come over to Lisbon to discuss plans of a bail out from this economic crisis. Now the focus is on exports and expenditure on infrastructure is based on a view to boost exports.