Medway is seriously considering leaving the Portuguese market. The Portuguese government reportedly did not follow up on earlier agreements with the company. MSC’s rail freight subsidiary now says that a relocation to Spain is on the table.
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…
