Antonio Costa believes that the Recovery and Resilience Plan is “progressing very well”

Prime Minister António Costa said the Recovery and Resilience Plan is “progressing very well” after confirming that the European Commission had transferred €2.46 billion to Portugal this Thursday.

“This is great news for Portugal. The European Commission this Thursday transferred 2.46 billion euros, referring to the 3rd and 4th tranches of the PRR. We are one of the first two countries to receive the 4th payment. We can say that the recovery “Resilience Plan” is progressing very well,” the Portuguese chief executive wrote on his official account on the X network (formerly Twitter).

Costa noted that “even three of the 47 milestones/goals that have yet to be achieved – the creation of integrated responsibility centers in hospitals, decentralization agreements with all municipalities in the field of health and professional orders statutes – must be implemented.” in the near future.”

“We expect that the payment of the remaining 700 million euros will occur in the first months of 2024,” added António Costa.

This Thursday, the European Commission mobilized 2.46 billion euros in grants and loans through the third and fourth installments of the PRR, noting that “a lot of work” remains to be done to achieve the outstanding indicators and targets.

In its statement, the Community Executive states that it has “paid to Portugal the third and fourth cumulative payments amounting to €2.46 billion in non-repayable financial support and loans – excluding pre-financing – under the Recovery and Resilience Facility”, which finances the national RDP .

Portugal received these funds after making a third request to Brussels in October last year for the payment of the third and fourth tranches of the subsidy (1.77 billion and 820 million euros), as well as the third and fourth tranches of the loan (360 million and 22 million euros) ) associated with the 47 milestones and goals of its PDP.