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Buses to Lisbon – the largest government contract ever – O Jornal Económico

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Buses to Lisbon - the largest government contract ever - O Jornal Económico

Carris Metropolitana has a government contract for a new bus fleet and a new passenger road transport service in the Lisbon metropolitan area (AML) of over 1.2 billion euros. promotes “Dinheiro Vivo” based on official government data on the core portal.

The project, which involves 18 AML municipalities, was signed at the end of March this year and is divided into four areas of intervention. For this project, it is planned to purchase 600 modern and less environmentally friendly buses.

According to the publication, the largest lot in the contract was won by Viação Alvorada, the new company created for this public contract, resulting in the merger of Vimeca and Scotturb. 397.2 million euros will be allocated to this company for seven years, which will explore the northwest of Lisbon, namely the municipalities of Amador, Oeiras, Sintra and links with Lisbon and Cascais. 35 new routes will be created in addition to 98 existing routes, a total of 133 routes.

Rodoviária de Lisboa, serving the Western Region, has donated 365 million euros, and Transportes Sul do Tejo (TST) will receive 260 million euros. The fourth and final batch was signed by Nex Continental Holdings – Transportes Luísa Todi and Transvia – worth 185 million euros to strengthen services in the Setubal Peninsula.

Buses to Lisbon, which are celebrated in March 2021, account for almost 20% of the total ordered in the first half of the year.

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Economy

Inflation in Portugal for the first time since 2017 exceeded the European one. Tourism is to blame – ECO

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Inflation in Portugal for the first time since 2017 exceeded the European one.  Tourism is to blame - ECO





Inflation in Portugal for the first time since 2017 exceeded the European one. Tourism is to blame – ECO
































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Economy

Airbus announces major order of nearly 300 aircraft for four Chinese airlines

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Airbus announces major order of nearly 300 aircraft for four Chinese airlines

European manufacturer Airbus has just announced a massive order for nearly 300 aircraft for Chinese airlines.


The official statement from the manufacturer says that an agreement has been signed with Air China, China Eastern, China Southern and Shenzhen Airlines for 292 aircraft of the A320 family, which includes A319, A320 and A321. This is the first major purchase made by Chinese companies since the outbreak of the pandemic, which had its initial epicenter in the Asian country.

It is not specified how many units of each model and how the division between the companies will occur, but it is expected that all of these will be variants of the Neo with the new engine that are already working in the mentioned companies.

Airbus currently dominates China’s single-aisle commercial aircraft market, despite Boeing having a larger presence given the larger number of twin-aisle aircraft.

In turn, the country has 2,070 aircraft of a European manufacturer, in addition to the plant in Tianjin, where aircraft of the A320 family are assembled, and there is also a finishing line for the A330 family. Another Airbus presence is the helicopter division with an assembly line for the H135 in Qingdao.


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Economy

Europe is turning green. Oil and gold down. Percentage Increases – Markets Per Minute

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Europe is turning green.  Oil and gold down.  Percentage Increases - Markets Per Minute

Asia in red corresponds to the USA. Europe prepares for red week

After ending the worst semester since 2008, Europe should start trading in negative territory this Friday, with a loss trend spreading into the early second half of the year.

In Asia, the main indices of the continent traded in the red and registered losses for the third day in a row.

Asian markets were affected by May consumption data in the US, which recorded a decline for the first time this year. Investors are still waiting for Chinese President Xi Jinping to visit Hong Kong a year after he introduced a national security law in the region.

In China, the Shanghai Composite fell 0.2% and the Hang Seng was closed for the holiday. In Japan, Topix lost 1.3% and Nikkei lost 1.6%. Finally, in South Korea, Kospi recorded a 1% decline.

Futures for the Stoxx 600, the benchmark for Western Europe, fell 0.8%.

In major market moves, companies associated with tourism and airlines in China fell after announcing emergency fuel spending. Already, chip makers in the region, namely TSMC and Samsung, have stepped up losses at a time when Micron Technology, the largest memory chip maker in the United States, ended depreciation talks on Wall Street after lowering consumer financial outlook. reduce the cost of computers and mobile phones.

“Usually lower US consumption data leads to a drop in global demand. They affect markets dominated by exports, in particular South Korea,” explains Cui Xuehua, analyst at Meritz Securities, Bloomberg.

“Investors are also looking for clues as to whether there will be policies that will benefit Hong Kong, such as opening borders and expanding trade,” an analyst said of the Chinese president’s visit this Friday.

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