The Portuguese Government delivered the final review of the Recovery and Resilience Plan (PRR) to the European Commission on Friday, the Ministry of Economy and Territorial Cohesion announced this Saturday, November 1st.
In a statement sent to newsrooms, the ministry led by Manuel Castro Almeida said that this review “focuses resources on interventions that can be delivered by 2026 and that bring visible benefits to communities and companies”, allowing “to reinforce investments in important areas”, such as “those that focus on innovation”.
According to the Government, the review guarantees “that all subsidies provided for in the PRR will be fulfilled”, that “all PRR subsidies will be invested”, with some targets having been increased and “others reduced, ensuring that the final value remains the same” and that “the works that were planned to be financed with PRR loans and which cannot be carried out until August 2026, in the amount of 311 million euros, will be carried out using other loans, with interest rates equivalents”.
This is the “case of the red line of the Lisbon Metro”, guarantees the ministry, after just over a week ago it was reported that the financing of the work could be at risk due to delays in the progress of the project.
The Government further explains that in this review “deadlines were adjusted and administrative obstacles eliminated in proving milestones and targets” and that Brussels “will also accept, within the scope of the applicable rules, the elimination or merger of intermediate milestones and targets or those associated with measures of low value”.
“The goals of building new houses were merged with the goals of rehabilitating houses unsuitable for housing, which were previously disaggregated. They were also disaggregated and the goals of building palliative care units and continued care units were now merged”adds the guardianship.
With this review, the plan now has 196 milestones and targets, which will be presented in the 8th payment request later this year and in the 9th and 10th requests to be submitted in 2026.
Quoted in a statement, the Minister of Economy and Territorial Cohesion highlights that “Portugal today has a simpler, clearer and more results-oriented PRR” and that “the necessary adjustments have been made to ensure that everything in the Recovery and Resilience Plan will be completed successfully”.
“The PRR is to fulfill and not to promise. We are ensuring that each investment translates into results on the ground, in companies and in people’s lives”, highlights Castro Almeida.
On Thursday, as part of the hearing on the State Budget proposal for 2026 (OE2026), the minister had already indicated that the review would be delivered to Brussels on Friday, reiterating that the plan is not late, and that 10 targets from the 9th payment request to the 8th were brought forward.
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