Political coalition group ‘Juntos por Faro’ (Together for Faro) has this week praised the government’s intention to invest €4 million in Faro’s commercial port.
The announcement was made last week by the new Minister of Economy, Pires de Lima, during his first official visit to the Algarve (see last week’s edition). In addition, €10 million will be invested in Portimão’s port to expand its capacity to receive large cruise ships, a market that has seen substantial growth recently.
In Faro, the funds will be used to improve infrastructure and the port’s export potential.
According to ‘Juntos por Faro’, led by Rogério Bacalhau, who is running for Faro Câmara presidency in this year’s local elections, the port has registered significant growth, moving around 500,000 tonnes of cargo annually, and contributing greatly to the region’s economy.
“Faro port is a privileged gateway to the international markets and its maritime potential is vital for creating jobs and improving the economy,” read the statement.
