The PS/Faro challenges the PSD to "tell the truth about the creation of Fagar", on the same day as the Farense Social Democrats will hold the conference "The truth behind Public-Private Partnerships (PPP)" in the Museum of Faro. The municipal company is a PPP «created in 2005 by the PSD Farense [José Vitorino was the mayor] in which, according to the Court of Auditors, the risks are all on account of the public sector», accused the socialists.
«In terms of ethics, it is not enough to proclaim principles, it is necessary to set an example and the PSD Faro, when wanting to discuss public-private partnerships, he cannot fail to tell the truth about the public-private partnership that they themselves created and set up and which, according to an audit by the Court of Auditors, "does not foresee any effective transfer of risk to the private partner , as the profitability of the project is, ultimately, always guaranteed through the effort of the public partner (Municipal Council of Faro), or consumers (farenses) or both"", defends the PS /Faro.
Thus, the socialists challenge the guest speaker at this evening's conference, PSD deputy Sérgio Azevedo, “to pronounce on the conclusions that the Court of Auditors has published on the public-private partnership that his party has set up in Faro which, among other things, concluded that "the guarantee of return on invested capital for one of the (private) parties, regardless of the company's performance, proves to be contrary to the interests of the company itself and, in general, to the principles of good management" ».
The socialists guaranteed that, in Fagar's PPP, "private capital, even if there are losses, is contractually guaranteed a return of 8,41 percent, which, when added to the value of technical assistance, can rise to 14,9 percent."
Comments