State investment in construction projects down

DESPITE LARGE-scale public investment projects in Lisbon in 2005, such as the Marquês de Pombal tunnel, the Rossio tunnel restructuring and restoration of many of the capital’s rundown and dilapidated buildings, public investment in construction projects is down on last year.

Figures fell in the first nine months of the year, according to data published by the Association of Public Works and Construction Companies. Up until October of this year, 2,860 projects were undertaken, worth a total of 2.9 billion euros, which translates into seven per cent fall on last year, meaning that this important contribution to the economy and Gross National Product is down.