PRR foresees an investment of 1.050 billion to increase competitiveness and territorial cohesion

The Recovery and Resilience Plan (PRR) will have financing for infrastructures in order to make the country more cohesive, competitive and ecological. Investments of € 1.050 billion (excluding VAT) are foreseen, divided into six areas of intervention. The extension of the Public Electric Vehicle Charging Network is the project that will have the highest cost: 360 million euros, which will be financed through private investment and the Environmental Fund. But there is still a strong investment in the highway, amounting to an estimated 267 million.

The government calls this infrastructure investment chapter “Resilience – Competitiveness and Territorial Cohesion”. And it points to the fulfillment of two objectives: to strengthen resilience and territorial cohesion and to increase the competitiveness of the productive fabric and to contribute to the reduction of contextual costs, particularly in access to markets.

The planned investments cover six areas: (i) expansion of the Electric Vehicle Charging Network; (ii) the reform of Business Reception Areas (AAE); (iii) the increase in the capacity of the Network, with the construction of missing connections; (iv) the strengthening of cross-border connections; (v) road accessibility for SEA; (vi) and logistical circuits on the Azores Regional Road Network.

The PRR document, delivered in Brussels, recalls that in 2030 the defined energy and climate targets point to the need for the transport and mobility sector to achieve a 40% reduction in its emissions, compared to 2005, and the incorporation of a 20% share of renewable energy in final energy consumption. Emphasizing that the “political strategy followed to achieve these goals is based on three pillars: the promotion of public transport (through measures to reduce fares, improve fleets and adapt networks), invest in promoting active mobility and investing in transversal approach to the introduction of clean vehicles “. And this is also a justification for the proposed projects.

Analyzing the details of the PRR, an investment is therefore foreseen in the extension of the Public Electric Vehicle Charging Network, with a total estimated cost of 360 million euros, which will be financed through private investment and the Environmental Fund. It is a project to be completed between 2021-2025.

In the Business Hosting Areas (AAE), the estimated cost is 110 million euros, and the time horizon for the investment is also between 2021 and 2025. And in this case we are talking about investments, for example, in production systems and storage of renewable energy for self-consumption (eg solar energy), sustainable mobility in SEA, or pilot production and charging solutions using green hydrogen. Another example is reinforcing the coverage of SEA with 5G communication solutions.

One of the largest investment slices foreseen for the Business Reception Areas (AAE) is in road accessibility, whose total estimated cost will be 142 million euros.

The estimated cost for increasing the capacity of the network and the construction of new road connections is 313 million euros, to be built by 2025, just like the rest of the projects.

For cross-border connections, a total investment of 65 million is expected.

Finally, the investment in logistics circuits in the Regional Road Network of the Azores, with an estimated cost of 60 million euros. It is a project to be completed in 2025.

Source: Expresso by

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