portugal\s election outcome puts highspeed rail at risk
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Portugal's election outcome puts high-speed rail at risk

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Portugal's election outcome puts high-speed rail at risk

Madrid - Arabstoday

An ambitious plan to link the capitals of Spain and Portugal by rail in less than three hours, which has already been postponed to 2013 from 2010, seems again to be under threat after the centre-right's victory in Portuguese elections. Pedro Passos Coelho, leader of the Social Democratic Party (PSD), which won the June 5 elections, focused his election campaign on austerity measures and has cast doubt on the rail project. "The election result is bad news for the defenders of the project," said Luis Cabral of Madrid's IESE Business School. Whatever the result ... it was more or less envisaged that the project would be cancelled or at least suspended for some time," he said. Portugal's austerity measures spring from the strict reform programme Lisbon concluded with the European Union and the International Monetary Fund in exchange for a 78-billion-euro loan. In April, when Portugal sought the emergency aid to stabilise its strained public finances, the rail plan was already frozen. But while the outgoing socialist prime minister Jose Socrates planned to relaunch it later, the PSD did not. Although the loan granted to Portugal did not include a promise to suspend the Lisbon-Madrid rail link, Passos Coelho said last month he supported such a move, adding that the high-speed line "was not a priority." On the Portuguese side, the project has a budget of 3.3 billion euros ($4.7 billion). The Lisbon-Poceirao section of the line has been suspended, while work on the link between Poceirao and the border town of Caia, scheduled to start early 2011, has never gotten underway. Spain has a budget of 3.8 billion euros. Work in Spain began in 2007 and is scheduled to finish in 2013. The country has slashed its public works programmes in austerity measures but is nevertheless pressing on with its high-speed rail projects and now has the longest such network in Europe. Protests over the threat to the Lisbon-Madrid line have erupted in the rural impoverished western region of Extremadura, which has the most to gain from the link. "To decide to suspend the project would be a strategic mistake which would definitely punish us but for Portugal it would be an historic error to leave the country isolated from the connection not only with Spain but with all of the rest of Europe," said Dolores Pallero, vice president of the regional government. It is necessary to strengthen the commitment to launch and conclude the infrastructure projects decided by the two governments" for this line, which is of "vital importance" for the region, a regional business association, Creex, said in a statement. Spain's ministry of public works would make no comment on the affair as long as there is "nothing official" from Lisbon. "In the short term, diplomatic pressure will not be very strong because the Spaniards will certainly understand the problem," as they them selves have a debt crisis, said Cabral. Besides, "they are among the biggest creditors of Portugal" and therefore have an interest in seeing that Lisbon repays its debts before launching major works projects. "But in a few years, when the debt problem is over, there will be a political problem" between the two neighbours if Portugal abandons the project, he said. - AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

portugal\s election outcome puts highspeed rail at risk portugal\s election outcome puts highspeed rail at risk

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

portugal\s election outcome puts highspeed rail at risk portugal\s election outcome puts highspeed rail at risk

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 14:47 2017 Monday ,20 February

McLaren to unveil new supercar at Geneva Motor Show

GMT 20:01 2017 Saturday ,09 September

Malaysia PM says Rohingya face systematic atrocities

GMT 12:32 2017 Wednesday ,13 September

Arab Quartet condemns Qatar for supporting terrorism

GMT 16:32 2017 Thursday ,09 March

UAE: A country where women are thriving

GMT 08:22 2017 Tuesday ,28 November

Etihad Aviation Group celebrates UAE National day

GMT 12:12 2016 Tuesday ,04 October

Writers' privacy row erupts

GMT 10:09 2017 Monday ,09 January

'La La Land' waltzes off with big win

GMT 12:03 2013 Friday ,20 September

Honda Legend

GMT 13:11 2011 Tuesday ,20 December

Early winter a boon for Lebanon’s ski season

GMT 08:16 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 08:09 2017 Saturday ,23 December

France to take bitcoin regulation debate

GMT 19:05 2017 Thursday ,12 October

On Beck album, pop sets an ironist free
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday