A payment covering 27 goals and milestones in areas such as health, housing, forest fire management, renewable energy, and business environment improvements has been confirmed by the European Commission.
The funds support measures including the acquisition of medical equipment, renovation of hydroelectric power stations in Madeira, and development of publicly accessible electric vehicle charging stations.
Portugal’s Recovery and Resilience Plan (PRR), backed by a total financing package of 21.9 billion euros (16.3 billion in grants and 5.6 billion in loans), has now reached a disbursement rate of 62%.
Besides Portugal, MFF installments were also disbursed to Greece (2.1 billion euros), Austria (515.5 million euros), and Slovenia (439.7 million euros), following positive assessments of their respective PRR applications.
The RRF is a temporary tool and a core component of the EU’s recovery plan, known as NextGenerationEU, designed to mitigate the impacts of the Covid-19 pandemic.
The mechanism provides grants and loans to member states to support reforms and investments aimed at promoting green and digital transitions, enhancing the sustainability and resilience of economies and societies.
