Lisbon, April 29, 2026 (Lusa) – Portugal’s government has announced a massive financial package worth €22.6 billion under the Portugal Transformation, Recovery and Resilience (PTRR) programme, designed to span the next nine years.

The total amount of €22.6 billion is divided among national public funds (37%), private funding (34%) and European funds (19%), according to a summary document distributed at the presentation at the Portugal Pavilion in Lisbon.

Prime Minister Luís Montenegro indicated that the PTRR is divided into three pillars: recover, protect and respond, across 15 areas, comprising 96 measures.

“The total value of the plan is €22.6 billion, split between public and private investment.”

“It is predominantly national funding, but it also draws on a portion of European funds,” he said.

The 'recover' pillar includes measures underway since February, and others to be implemented in the short term, with a total value of €5.3 billion (the estimated cost of storm damage), of which the state will cover around €3.162 billion, according to the prime minister.

In the 'protect' pillar, the government plans a total investment of €15 billion, earmarked for “61 reforms and investments that strengthen and make communities, regions, businesses, infrastructure, facilities, essential service networks (energy, communications, water) and forests more resilient to extreme events”, spread across the short, medium and long term.

The 'response' pillar encompasses "24 reforms and investments to improve emergency response and support during disasters, changing the risk coverage model, communications and infrastructure", with planned investments of €2.3 billion.

The prime minister announced the PTRR programme in February following the storms that left 19 people dead and hundreds homeless, particularly in the Centre, Lisbon and Tagus Valley, and Alentejo regions.

The government has estimated losses of over €5.3 billion due to the bad weather.

SMA/MYAL // ADB.

Lusa