Portugal Grants Lisbon Transport Concession to Spanish Group

June 19, 2015 2:38 PM

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Portugal's government says it is granting Spain's Grupo Avanza the concession to operate Lisbon's subway and bus companies, which are publicly owned.

Sergio Monteiro, secretary of state for transport, said Friday the concession agreement will save the government some 215 million euros ($244 million) over the eight years of the contract.

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