Portugal Property

  • Today is Monday, February 06, 2012   |  Select language

You are at: Home News

News

Algarve: EU funds for Algarve

Date: 18/9/2008

Lagoa, Silves, Portimão and Vila do Bispo all had their applications approved by the Algarve regional development commission, Comissão de Coordenação e Desenvolvimento Regional (CCDR-Algarve).

In total, the projects submitted involve a total investment of almost 2.4 million euros, with 1.4 million euros being financed by Europe through the regional operational programme Algarve 21 (PO Algarve 21).

One of the Lagoa projects aims to prioritise pedestrian use of streets, with a general facelift in Carvoeiro (see The Resident, April 18) to include new accessibility for disabled people and more pavements. The investment is estimated at 131,000 euros, with 78,500 euros coming from EU funds.

In Silves, the approved project will be in the Armação de Pêra parish, involving a total investment of 1.4 million euros (see The Resident, February 15), with the EU providing 841,000 euros.

The project approved for Portimão, worth a total of 44,000 euros, aims to build a high resolution map of the council’s coastline. The EU is funding 26,500 euros. Using its own staff and existing high resolution technology in cartography and orthophotomaps, high quality satellite images of specific locations, the Câmara hopes to create a reliable database for GPS systems.

Vila do Bispo Câmara had two projects approved. One relates to the improvement of safety along its cliffs. This has a total budget of 36,840 euros and will receive 22,104 euros from the EU.

The other project targets the historic centre of Salema parish, which will see the fishermen’s road and the central square being refurbished. The project’s investment is estimated at 757,000 euros, with 450,000 euros provided by EU funds.

What is the PO Algarve 21?

THE PO Algarve 21 is a strategic programme to finance Algarve development with help from the European funds between 2007 and 2013.

The programme is managed by the Algarve regional development commission, Comissão de Coordenação e Desenvolvimento Regional (CCDR-Algarve), the local authority on matters relating to European Funds.

It has a total budget of 175 million euros to be invested in the region through four different sub-sections.

The sub-section one, or Eixo 1, relates to projects that aim to promote competitiveness, innovation and knowledge and has a total budget of 90 million euros.

Sub-section two, or Eixo 2, which these latest projects fall under, focuses on protection and environmental qualification and has a budget of 18 million euros.

Sub-section three, Eixo 3, supports projects related to land preservation and urban development, with 61 million euros available.

And sub-section four, Eixo 4, relates to technical assistance to the other projects, with a total budget of six million euros. Source: The Online Resident

News

top