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Cohesion Fund: Adoption of first Portuguese projects for 1994

The first four Portuguese projects support by the Cohesion Fund during 1994 were recently adopted by the Commission. The Cohesion Fund, created in 1993, supports the effort towards economic and monetary convergence of the four beneficiary Member States (Spain, Greece, Portuga...

The first four Portuguese projects support by the Cohesion Fund during 1994 were recently adopted by the Commission. The Cohesion Fund, created in 1993, supports the effort towards economic and monetary convergence of the four beneficiary Member States (Spain, Greece, Portugal and Ireland). During 1993, the Fund supported 34 projects in Portugal, with a total contribution of ECU 238.5 million, of which 57% was dedicated to transport infrastructure and 43% to environmental actions. The Cohesion Fund resources available for 1994 are ECU ECU 1,853 million, of which between 15-20% is dedicated to support for Portugal. Of the first four projects approved for 1994, two concern environment and two, transport infrastructure. The Community financial appropriation for these projects totals ECU 45,650,440: - Transport: Alges/Buraca link (part of the Lisbon inner ring road project); Setubal, port improvement. - Environment: Faro waste water treatment project as part of the improvement of the Ria Formosa (area of special ecological interest); solid waste disposal project at Baixo Mondego.

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