Câmara debts

Lagos Câmara’s debts amount to around €22 million and thus is considering following the lead of neighbouring municipality Portimão by introducing a financial recovery plan.

Mayor Júlio Barroso said: “Nothing has been decided yet but there is a very strong chance that we have to call on a financial recovery plan.

“In April, the decision should be taken and the plan involves a bank loan for 12 years to pay the debts.”