Portugal’s CP, Refer Ask for State Intervention, Jornal Reports

Portuguese state-owned public transport companies including rail service operator CP-Comboios de Portugal and railway network manager Refer-Rede Ferroviaria Nacional have asked for state intervention as they face problems with financing, Jornal de Negocios reported, without saying how it obtained the information.

The companies are asking the Finance Ministry to anticipate compensation they receive through the budget as payment for the public service that’s provided, the Portuguese newspaper said. The possibility of Portugal’s Treasury providing loans to the state-owned companies is also being studied, according to Jornal de Negocios.