Difficult times in Portugal
- From: Vol 2, Issue 4 (April 2001)
- Category: General
- Region: Europe
- Related Companies: Aguas de Portugal, Indaqua, Lusagua and Saur
Twelve concession contracts let to international private water companies between 1995 and 1998 looked like the prelude to a period of considerable opportunity in the Portuguese water sector. Backed by a law change in 1993 and another in 1998, ostensibly to ease the path to privatisation, it appeared that the years ahead would see the pace of PSP increase with new offers to those who could provide expertise in the operation and management of water and wastewater systems.
As was predicted at the time, the bulk of the work went to those already established in the market, in particular the Portuguese/Spanish/French joint venture, Lusagua and the Anglo/Portuguese company, Indaqua. Between them, these two groups held nine of the (then) twelve contracts. Events have proved otherwise for Lusagua, Indaqua and other hopefuls and bear out the ...
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