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The European Commission today disbursed the fifth payment to Portugal, amounting to 2.9 billion euros, under the Recovery and Resilience Facility (RRF).
The payment includes 1.65 billion euros in grants and 1.25 billion euros in loans.
The disbursement request was submitted by Lisbon on July 3, with Brussels giving a positive assessment of the fulfillment of the 27 milestones and 15 targets set out in the recovery and resilience plan.
The milestones and targets include reforms in areas such as waste management, energy poverty and energy efficiency, renewable hydrogen and biomethane, capital market development and tax system simplification.
The request also covers investments in areas such as medical equipment, housing, sustainable mobility, renewable hydrogen and other renewable gases, business capitalization, public transport decarbonization, business digitalization, modernization of the tax and customs systems, and fire prevention.
The Commission also disbursed payments under the RRF to the Czech Republic (1.7 billion euros), Germany (13.5 billion), Italy (8.7 billion) and Romania (37.05 million), totaling 26.8 billion euros in loans and grants.
The total disbursed under the RRF has now exceeded 300 billion euros.