Euro funds

AROUND THIRTY-five per cent of Portugal’s 40 billion euro plan to improve infrastructure in the country is to be financed by the European Investment Bank (EIB).

Finance minister Fernando Teixeira dos Santos said on November 14 that projects would be in the “energy and environment sectors, all being planned with a 10 year horizon”.

The new airport in Lisbon and a high speed TGV rail link with Spain are also part of the massive investment.