Brussels, 4 July 2024
Yesterday, the Commission received Portugal’s fifth payment request for an amount of €2.9 billion net of pre-financing, including €1.65 billion in grants and €1.25 billion in loans, under the Recovery and Resilience Facility (RRF).
This payment request concerns a total of 27 milestones and 15 targets.
It includes reforms in areas such as waste management, energy poverty and efficiency, renewable hydrogen and biomethane, capital market development, and tax system simplification.
This request also covers significant investments in areas such as medical equipment, housing, sustainable mobility, hydrogen and renewable gases, business capitalization, public transport decarbonization, business digitization, modernization of tax and customs systems, and fire prevention.
The Commission will now evaluate the request. It will then forward its preliminary assessment of Portugal’s achievement of the required milestones and targets for this payment to the Council’s Economic and Financial Committee.
Portugal’s recovery plan will be funded with a total of €22.2 billion (€16.3 billion in grants and €5.9 billion in loans). More information on Portugal’s recovery and resilience plan can be found on this page, which includes an interactive map of RRF-funded projects, as well as on the Recovery and Resilience Scoreboard. More information on payment procedures under the RRF is available in this Q&A document.