Local Politics
Lisbon City Council plans to take out a 292 million euro loan to accelerate investments
The Lisbon City Council has proposed a 292 million euro loan to be utilized in phases between 2027 and 2029 for urban infrastructure projects, including drainage, public spaces, mobility, and housing. The 2027 budget proposal, totaling 1.463 billion euros, is currently undergoing banking consultation and requires future approval from the City Council, the Municipal Assembly, and the Court of Auditors.
Why it matters
While this is a planned long-term investment, the funding targets concrete services that may affect you, including improvements to Lisbon's drainage, public lighting, road paving, cycling networks, bus corridors, and the rehabilitation of municipal housing and schools.Correio da ManhãRead original ↗
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