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Liscont Agreement Soon Says Portuguese Minister

Liscont agreement soon says Portuguese minister

Liscont Agreement Soon Says Portuguese Minister

Lisbon, Portugal (PortSEurope) July 11, 2019 – The Minister of the Sea, Ana Paula Vitorino, announced in Parliament that the agreement between Liscont (Yilport), concessionaire of the port terminal of Alcântara, and the Port of Lisbon Administration (APL) will be signed Monday, involving an investment of €122 million ($137.45 million).

The renegotiation of the Alcântara container terminal contract has been ongoing for several years. In 2015, Mota-Engil reached an agreement to sell its holdings in the port sector, which includes Tertir and Liscont, concessionaire of the Alcântara container terminal. The proposed buyer was the Yildirim group, a Turkish industrial group based in Istanbul.

An imbroglio has been caused by the fact that the Constitutional Court maintained the validity of the contract by which the State extended the concession until 2042, despite having in environmental terms the project to expand the terminal had been hit.

In the Agriculture and Sea commission, Ana Paula Vitorino also said that in Sines, in the case of terminal XXI, “an agreement has already been reached”, and “all the procedural preparation to be approved to add the contract and change of the bases of the concession”.

Regarding the future terminal of Vasco da Gama, the minister added that “the report that is necessary for this type of concessions is made”, as well as the regulations of the tender and specifications.

“We look forward to the final approval of Finance to be approved by the Council of Ministers,” he said.

Source: Associação dos Portos de Portugal

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