Portugal

Coins propose new loan of 291 million euros by 2029

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 18:11:25 UTC.

Briefings

Lisbon City Council plans to borrow 291 million euros from banks by the end of Q1 2027, raising the total debt to 550.9 million euros. The operation depends on the Council's approval and the Mayor's negotiation with the opposition. The budget for 2027 includes 1.463 million euros, with 82.1 million already raised in 2027, 156.8 million in 2028, and 52.4 million in 2029. The drainage plan alone requires 48 million euros in 2027.

Key points

• Lisbon City Council plans to borrow 291 million euros from banks by the end of Q1 2027.
• The total debt will rise to 550.9 million euros, including 72.3 million euros more than this year.

Context

The Câmara Municipal de Lisboa aims to secure funding for infrastructure projects, including drainage improvements. The Mayor, Gonçalo Reis, noted that 82.1 million euros were already raised in 2027, with the new loan adding to this total. The operation is contingent on the Council's internal approval process and negotiations with the opposition.

Limitations

The evidence covers only the 2027 budget and the specific loan details. It does not include the Mayor's full negotiation strategy, the opposition's specific demands, or the final approval timeline. The exact usage of the 291 million euros beyond the drainage plan is not fully detailed.

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