Medway is seriously considering leaving the Portuguese market
The CEO of Medway, Carlos Vasconcelos, expressed his dismay at the failure of the Portuguese government to implement earlier decisions and agreements “which were already taken and guaranteed”. Portugal pledged to provide financial energy incentives to the sector but failed to do so. It also raised track access charges by 22 per cent.
As a result, “the group is, in fact, considering whether it is worth continuing to operate in Portugal when it has full support in Spain”, Vasconcelos said in order to explain a possible relocation to Portugal’s neighbour. Medway’s exit from Portugal would be a hit for the country’s rail freight sector, as the company currently occupies a market share of 80 per cent.
