The ministry led by Manuel Castro Almeida announced today that a revision focuses resources on interventions that can be completed by 2026, bringing visible benefits to communities and businesses, and enhancing investments in key areas, such as innovation.
The Government assures that all grants outlined in the Recovery and Resilience Plan (PRR) will be fulfilled, with some targets increased and others decreased while maintaining the final value. Projects that were planned to be financed with PRR loans but cannot be executed by August 2026, totaling 311 million euros, will be carried out using other loans with equivalent interest rates.
This includes the red line of the Lisbon Metro, following recent reports suggesting the funding could be at risk due to delays.
The Government further explains that the revision includes adjusted deadlines and the removal of administrative hurdles in verifying milestones and targets. Brussels will also accept the elimination or merging of intermediate or low-value milestones and targets, as per applicable rules.
Goals for building new houses were combined with those for rehabilitating non-habitable homes, and separate targets for constructing palliative and continuous care units have also been merged.
With this revision, the plan now comprises 196 milestones and targets, which will be submitted in the 8th payment request later this year and in the 9th and 10th requests in 2026.
The Minister of Economy and Territorial Cohesion states, “Portugal now has a simpler, clearer, and more results-oriented PRR,” adding that necessary adjustments were made to ensure successful completion of all Recovery and Resilience Plan projects.
“The PRR is to be fulfilled and not just promised. We ensure that each investment results in tangible outcomes for companies and people’s lives,” emphasizes Castro Almeida.
On Thursday, during a specialized hearing on the State Budget proposal for 2026 (OE2026), the Minister noted that the revision would be submitted to Brussels on Friday, reiterating that the plan is not delayed and that 10 targets from the 9th payment request were brought forward to the 8th.
