Without incentives to make money, why make the investment?

Compensation element related to the need to ensure remuneration of the capital employed

Indeed, the Portuguese authorities expect no remuneration on the capital injected.

The Weighted Average Cost of Capital (WACC) formula is taken as a basis for determining the remuneration rate of the capital employed.

The comments of the BdB on the appropriate remuneration of share capital are therefore not relevant.

But the distribution of real capital follows another logic.

In particular, the share of national income that goes to capital.

[Remuneration of the participation capital] The participation capital provided by the State is to be remunerated as laid down in the agreement on principle.

In other words, the added value is the sum of the remuneration of the work and the remuneration of the capital.

Perhaps it is no coincidence that in 30 years ten points of GDP have passed from the remuneration of labor to that of capital.

Yes, it is, if we move towards a better remuneration of the natural capital!

These cyclical shocks are absorbed mainly by the remuneration of capital.

The weighted average infrastructure charge may also include a return on capital and/or a profit margin based on market conditions.

At this price, it's no longer a bargain but a steal!

This is the tenant's required return on his capital at the commencement of the year, adjusted for change in that capital over the course of the year.