//
The Regional Government of Madeira has approved the distribution of budgetary burdens for the requalification of Largo da Republica, in a project to be executed by SMD - Sociedade Metropolitana de Desenvolvimento, S. A.
Ordinance no. 171/2026 has been published, formalizing the distribution of budgetary burdens necessary for the conclusion of a program contract between the Autonomous Region of Madeira, through the Regional Secretariat for Equipment and Infrastructure, and SMD - Sociedade Metropolitana de Desenvolvimento, S. A.
The investment, which aims to execute the PIDDAR project no. 53056 - Rehabilitation of Largo da Republica, amounts to a maximum global total of 400,000.00 euros. The multi-annual financing plan is structured as follows:
The ordinance also establishes that the amount set for each financial year may be increased by the balance determined in the previous year. The project has budgetary coverage in the budget of the Regional Secretariat for Equipment and Infrastructure, with funds for 2027 and 2028 being registered in the respective future budgets. The mentioned values do not include VAT at the legal rate in force.
The Autonomous Region of Madeira and the Municipality of São Vicente have amended the programme contract for the recovery of infrastructure damaged by the 2020 storm, extending its validity and adjusting the funding.
The Regional Government Council approved a change to the public tender program for the acquisition of controlled-cost housing units in Santa Cruz and extended the deadline for submitting proposals.
The Government Council approved the tenth amendment to the concession contract with Horários do Funchal, updating the financial compensation for public service obligations.