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52 million euros in savings, around 3.5 per year for 14 years. The Chamber of Braga approved, today, in an extraordinary session, with the votes in favor of the majority PSD / CDS and PS and the abstention of CDU, the dissolution process, followed by internalization. of SGEB, the public-private company that manages synthetic lawns in parishes and other sports and parish centers. In total, 44 structures.
Ricardo Rio highlighted that the proposal was only possible because Caixa Geral de Depósito agreed to lend 40 million euros to the City Council to meet the banking commitments derived from the dissolution of SGEB-Sociedade Gestora de Equipamentos de Braga, a PPP (Public-Private Association )) created in 2009 by the former socialist leadership.
The proposed dissolution of the company will be presented at the next meeting of the Municipal Assembly. Then, it will go to the Court of Accounts, which will have the final verdict.
Rio stressed that the loan will be made for 20 years, with a low interest rate (“spread” of 1.75 percent), which will allow, in that term, a saving of 52 million euros. Currently, the Chamber has been paying 6.5 million a year to the SGEB.
The mayor has highlighted that after the approval of the Court of Accounts, an Arbitral Tribunal will be constituted to decide the amount of compensation to be paid to the two private partners, the construction companies ABB (Alexandre Barbosa Borges) – managed by Gaspar Borges – and Europe- Arlindo, from Domingos Correia.
At that time, Artur Feio, from the PS, considered the decision as “an act of good management”, stressing that the Socialists would do the same if they were in power.
Communist Carlos Almeida, for his part, expressed his agreement with the end of the PPP, saying that the CDU was always against it, but justified the abstention by the fact that it is not known exactly what the final savings are, since ABB still it has to negotiate with the private sector. and the Arlindo group.
In this regard, both Ricardo Rio and Rui Morais, general director of the SGEB on behalf of the Chamber, indicated that the calculation of the amount of compensation to individuals is around 1.6 million. But the two firms, which own 51 percent of the capital, still have the right to recoup the 10 million they put in SGEB as supplies (8 million to ABB and 2 to Arlindo) and that are receiving an annual interest of 7.8 per hundred.
The two private companies have already announced that they will appeal to the Arbitral Tribunal requesting the payment of lost profits, derived, fundamentally, from the fact that Ricardo Río ‘cut’ the investments in progress in 2013, since the works of 30 million of the 65 foreseen in contract. . Rio no longer assumed works due to the “ruinous” conditions in which the former executive of the socialist Mesquita Machado had negotiated them.
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