The total value of public works tenders launched in the first nine months of the year reached 6.2 billion euros, a 29% year-on-year decline. The value of contracts actually awarded fell by 52% to 2.6 billion euros, primarily due to the exceptional high-cost railway project recorded in the same period last year.
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The Caixa Geral de Aposentações (CGA) is currently notifying pensioners of new, reduced pension values despite prior objections. Additionally, a Court of Auditors report reveals public works contracts saw a financial deviation (cost increase) of 204.4 million euros in 2025, totalling 561.6 million euros since 2023.
A report from the Court of Auditors indicates that contract changes led to an additional cost of 204.4 million euros in 2025. Between 2023 and 2025, the total financial overrun for public works projects reached 561.6 million euros.
Public construction tenders in Portugal dropped 30% to 5.6 billion euros in the first eight months of 2026, and signed contract values fell 20% to 3.1 billion euros. Despite this, the sector overall forecasts 4.4% growth for the year, supported by increased cement consumption, rising housing credit, and growth in industrial building permits.