Portugal to invest in ports development
The Algarve's ports are earmarked for development
Portugal’s government has set aside €103 million for port development in the Algarve in 2012, however this is at the expense of several other key projects in the region.
Several key projects have been suspended to help fund the project, including the Central Hospital and the completion of some road works such as the IC4 and the IC27.
Most of the budget for 2012 will be invested in generic projects, namely €36 million in works that will also be applying for EU funding, €13 million for the sustainable management of rural areas, and €11.6 million for competitive projects.
Of the named projects, €2.1 million is to be spent on the Tavira port, €985,000 on the Portimão port and €770,000 on the Olhão port. There is a further €1.4 million for the Algarve’s other ports.
The government has also set aside €2.5 million for the Faro riverside Park and €492,000 to make the Guadiana River more navigable. A total of €105,000 will be invested in the replenishment of sand at Dona Ana beach and a further €151,000 at Albufeira beach. According to the Association of Construction and Public Works Companies (AECOPS), the value of public works adjudicated in the Algarve in 2011 between January and November, fell by more than 84 percent. On a national level there was an increase of 16.6 percent though.
In 2011, 46 public projects were approved in the Algarve in total according to the association, a total investment of €25 million.
Images for this article - click to enlarge
Unless otherwise stated, all images copyright © Mercator Media 2012. This does not exclude the owner's assertion of copyright over the material.
