Portugal Revives Transport Projects

Early in May 2104 Portugal cleanly exited its three-year, Euro 78-billion (US$106 billion) international bailout without a sovereign back-up line of credit from the EU. But at the same time the EU has given Portugal a Euro 6-billion (US$8.2 billion) “last mile” credit line devoted to those transportation infrastructure projects that were halted by the economic downturn. The EU will provide 69% of the needed financing while Portugal and private investors will provide the other 39%. Privatization of municipal transport will be urged. Portugal will report to the EU on how it is using the credit line.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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