//
The Regional Government of Madeira has reprogrammed budgetary expenses for the purchase of 533 new homes under the Recovery and Resilience Plan.
Through Ordinance no. 173/2026, the Regional Government of Madeira has amended and redistributed the budgetary expenses allocated for the acquisition of 533 housing units, in new condition and free of liens or encumbrances. This operation, integrated into the Recovery and Resilience Plan (PRR), amounts to a maximum value of 115,475,187.21 €.
The acquisition, divided into two phases (286 units in the 1st phase and 247 in the 2nd phase), will have its budgetary impact staggered as follows:
The amounts are managed by IHM - Investimentos Habitacionais da Madeira, EPERAM, and the mentioned values do not include VAT at the current legal rate. This ordinance has retroactive effects to December 18, 2024.
The Government has awarded all three lots for the preliminary study and environmental impact assessment of new road links, with a combined contract value of €3,317,000. Each lot has a completion period of 435 days.
Plot No. 65, required for the construction of the Machico Norte junction and the section between the Portais Tunnel and the Caniçal Roundabout, will be expropriated for €137,088.17. The identified owners are Manuel Viveiros da Costa Miranda and Maria Nunes Calaça Miranda.
The Region will contribute to investment costs incurred by SMD - Sociedade Metropolitana de Desenvolvimento, S.A., for the project to revitalise the Machico Forum’s infrastructure and facilities. The maximum grant of €1,422,693 will be allocated between 2026 and 2028.