EIB Approves First Tranche of Infrastructure Loan to Portugal

A glimpse of Lisbon, Portugal. The European Investment Bank is providing euro450 million to the country for infrastructure projects in urban development, among other things. Photo by: Adamina / CC BY AdaminaCC BY

The European Investment Bank is providing euro450 million (USD613.6 million) in support of key infrastructure projects in Portugal. The money will be used to finance projects in research and development, transport, water, information and communication technology, energy, urban development, education, health and culture.

The fund is EIB’s first release from a euro1.5 billion loan designed to support the implementation of Portugal’s National Strategic Reference Framework, Construction Europe reports.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.