PT2020 Dez2016

More than 3,500 companies have received € 461 million from European funds from Portugal 2020, announced Pedro Marques, Minister of Planning and Infrastructure.

"These investments allow us to contract more 10,000 jobs when projects reach full speed, and another two billion euros of exports," said Pedro Marques, after a visit to Caetano Coatings, in Carregado, Vila Franca de Xira.

Caetano Coatings is one of the companies benefiting from these funds, which used them to build a new wet painting line for automotive OEM's such as Ford or Volvo.

The Minister also said that the 461 million euros of incentives reflect an increase of 151 million euros (49%), compared to the incentive values of the previous year, under the National Strategic Reference Framework (NSRF).

"A year later [the new government] we did a good job and the country is better," said Pedro Marques, adding that he already has the necessary conditions to be able to say that by the end of 2017 that at least one billion euros will be reached and deliver to companies under Portugal 2020.

The ceremony at Caetano Coatings was also attended by the Secretaries of State for Internationalization, Jorge Oliveira, Development and Cohesion, Nelson de Souza, and Deputy and Commerce, Paulo Alexandre Ferreira.


Photo: Minister of Planning and Infrastructure Pedro Marques, on a visit to industrial investment made with Portugal 2020 funds, Vila Franca de Xira, 21 December 2016 (Photo: Tiago Petinga / Lusa)

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