President of Lisbon Metro: "If we were private, we would have already gone bankrupt"

Tuesday, 28 April 2026RSS
President of Lisbon Metro: "If we were private, we would have already gone bankrupt"

The new president of Lisbon Metro, Cristina Vaz Tomé, criticised the company's previous management and stated that it only remains operational due to state funding. Speaking at an innovation conference, she highlighted issues such as long-standing broken escalators and the lack of competition, which she claims leads to stagnation. She emphasised the need to improve financial results and noted that the company is developing a new signalling system to allow for driverless trains. The event also featured insights from business leaders Paulo Pereira da Silva of Renova and Luís Abrantes of Movecho regarding the role of innovation in their respective industries.

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