Covid-19: Losses of the company that manages parking at Praia quintupled

The public company that manages parking in the city of Praia saw damages increase fivefold in 2020, compared to the previous year, to more than 40,000 euros, due to the covid-19 pandemic, according to the report and accounts.

According to the document, consulted today by Lusa, the Praia Mobility and Parking Company (EMEP) had already registered losses of just over 925 thousand escudos (8,300 euros) in 2019, a figure that rose the following year to more than 4 ,6 million escudos (41.7 thousand euros), according to the net result of the year 2020.

In the report and accounts, the administration justifies the results with the consequences of the pandemic of covid-19: “The company ended services from March 26 to May 17, 2020, with negative consequences for the company’s treasury and revenues”.

Due to the pandemic, charging for parking in car parks managed by EMEP in the Cape Verdean capital was suspended for practically three months (from March to June), as well as the inspection, blocking and removal of vehicles.

The administration adds that 2020 was “an atypical year, marked by the pandemic crisis”, with “a strong impact on people’s mobility and repercussions on budget execution, mainly resulting from the declaration of a state of emergency”.

EMEP closed the 2020 accounts with a total liabilities of almost 6.5 million escudos (58.7 thousand euros) for a total assets of more than 30.8 million escudos (278 thousand euros).

“Despite the temporary closure of business activities and the reduction in the movement of people, EMEP SA fully assumed the salary, tax and social security commitments with all workers, as well as the payment of suppliers”, reads message from the administration in the report and accounts.

EMEP’s corporate purpose is the construction, management, operation, maintenance and surveillance of parking spaces and associated infrastructure or services that are part of the global accessibility and urban mobility system in Praia.

“The current activities were ensured in order to ensure the proper functioning of the company, however, a large part of the works and requalification projects provided for in the budget were interrupted”, the administration also acknowledges regarding the year 2020.

It also refers that within the scope of social responsibility, and to “support the Health System in Praia”, EMEP “assigned, free of charge, a total of 111 parking badges to professionals from the Agostinho Neto Hospital and the Health Police station who are at the forefront in the fight against covid-19”.

Source: Futebol 365 – Notícias by

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