Portugal is the fourth country in the 14 national plans analyzed by the European think tank Bruegel, which is the biggest bet. It is second only to Belgium, Luxembourg and Denmark.
Construction companies operating in Portugal will benefit from more than one-fifth of the national recovery and recovery plan funds, absorbing more than 3.4 billion euros. This is the second economic sector in the country that will benefit the most from planned investments until 2026.
The data results come from Analysis published yesterday Think tank Bruegel, Europe, who explained the investment in the 14 restoration plans that have been proposed According to the economic activity sector that benefits from the execution of funds.
As far as Portugal is concerned—including loans, European recovery and resilience mechanisms should receive 16.64 billion euros—the information gathered allows us to conclude that the main sectors of the Portuguese economy benefit from the so-called European bazooka technology, science and technology. Professional activities. It will be 3.56 billion euros, 21.41% of the total. However, there are many types of activities in these fields, from architectural and engineering services to legal consulting to research and design and even R&D.
More uniformly, the construction industry is the second largest beneficiary, accounting for 20.57% of the planned funds, or 3.42 billion euros, reflecting the country’s choice to use most of the funds provided by the European Union for the construction of roads or housing stock for connection and other infrastructure. . Some other investments also mean a lot of engineering costs, How to build a vocational school Or improve the energy efficiency of buildings.
Portugal is second only to Belgium (43.24% of Belgian plan funds), Luxembourg (25.71%) and Denmark (24.48%) in terms of stakes on construction sites. The group of countries with analytical plans also includes France (19.62% of buildings), Greece (15.65%), Slovakia (11.32%), Germany (9.02%), Italy (7.84%), and Slovenia (3.37%). The emergence of Cyprus, Hungary, Poland and Spain did not benefit the sector with funds.
In Portugal’s planned allocation of funds by economic activity, health (13.31%), education (11.31%) and public administration (7.52%) ranked third, fourth and fifth, ahead of energy and air conditioning (5.89) %) and transportation and storage (5.81%). Agriculture, forestry and fishery still accounted for 5.21%, industry accounted for 5.17%, of which water and waste benefited from 2.34% of the funds, and farming accounted for 1.46%.
However, unlike other partners in the south (Spain and Italy), Portugal did not propose any specific budget for tourism activities — accommodation and restaurants — which are most affected by the pandemic. As far as Italy is concerned, the tourism industry will receive 3.92 billion euros (2.05% of the Italian planned funds), and in Spain it will be 3.4 billion euros (4.89% of the funds).
On the other hand, Portugal is one of only three countries that invest funds in the industrial sector, and France (6.15% of funds) and Denmark invest almost half of their funds in this sector (44.65%).
In addition, in the 14 recovery plans analyzed, the transportation sector will be the main beneficiary, planning to use European rocket launchers for an investment of 74.79 billion euros. Nearly half of the investment, which is more than 34 billion euros, will be made by Italy.
The second activity benefiting from the European plan is health, which will absorb 48.91 billion euros. Similarly, the Italian government plans to make the largest investment, 23.87 billion euros dedicated to health.
The electricity, gas, and air-conditioning sector is the third sector that has absorbed the most funds in the European plan. The investment plan in this area is 47.27 billion euros, reflecting the European Commission’s priority climate transition goals.