The State can already compensate CP for the trains performed daily from north to south of the country. The Court of Auditors validated this Monday the public service contract with the railway carrier, according to information given by that entity to Dinheiro Vivo. In 2020, the railway carrier will receive 88.1 million euros (plus VAT) for all public services provided, with the exception of Alfa Pendular, which may be subject to competition.
The public service contract allows CP to again receive compensatory damages: the last time this happened was in 2014. Only for the company to receive this support from the State it is necessary to fulfill three criteria: not only does the train have to appear, it also has to arrive on time and guarantee the minimum comfort conditions for users.
Monitoring the fulfillment of the service will be the responsibility of the Mobility and Transport Authority.
Until now, CP could, at the limit, run one train per day because there was no way to measure compliance with passenger transport obligations. With the public service contract, the first in the history of the railway company, all trips that must be carried out daily as well as service quality metrics will be detailed.
The public service contract is valid between 2020 and 2029, with the possibility of being extended for another five years, if it is necessary to amortize investments.
On average, CP will receive 90 million euros a year. The compensation peak appears in 2022 (98.5 million euros), as stated in the resolution of the Council of Ministers made public on June 12.
The document was endorsed by the entity led by Vítor Caldeira at the third attempt, after two returns to the company's tutelage, in charge of the ministries of Finance and Infrastructure and Housing.
Despite the context of covid-19, this contract should have come into effect since the beginning of this year, under European competition rules.
The document is essential to guarantee the financial stability of the company, dealing with liquidity problems arising from the strong drop in passengers, especially in long-haul services. CP recorded losses of 12 million euros in June alone.