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Portugal To Invest €6.1 Billion In Its Ports By 2023

Portugal to invest €6.1 billion in its ports by 2023

Portugal To Invest €6.1 Billion In Its Ports By 2023

Lisbon, Portugal (PortSEurope) April 17, 2019 – Portugal’s government has presented a Stability Program that foresees investments of more than €8.6 billion ($9.7 billion) in transport and infrastructure until 2023, with ports and railroads benefiting the most.

The area with the highest expected investment is ports, which, between 2018 and 2023, should receive €6.109 billion ($6.91 billion), although the Stability Program is not detailed on its implementation.

The government points out that the amounts correspond to the basic value of tenders and that “the investments of the network of commercial ports in the continent uses public funding through port administrations”.

Most of the investments were already foreseen under the National Investment Programme 2030.

Source: Diário de Notícias

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