Regional Government redistributes funds for infrastructure reconstruction in Sao Vicente
Ordinance no. 270/2026 adjusts the multi-annual financing plan for the recovery of municipal infrastructure affected by the 2020 storm.
Ordinance no. 270/2026 has been published, which proceeds with the amendment and redistribution of the multi-annual budget commitments related to the Technical and Financial Cooperation Program Contract between the Autonomous Region of Madeira and the Municipality of Sao Vicente. The objective is to finance the project for 'Works associated with the recovery and reconstruction of municipal infrastructure, affected by the storm of December 25, 2020', in a total amount of 2,299,914.30 €.
The breakdown of financial commitments across the multi-annual plan is defined as follows:
- Financial year 2021: 672,959.94 €
- Financial year 2022: 50,949.34 €
- Financial year 2023: 187,986.79 €
- Financial year 2024: 874,833.82 €
- Financial year 2025: 448,839.74 €
- Financial year 2026: 64,344.67 €
The expenditure planned for the current year of 2026 is covered by the budget of the Autonomous Region of Madeira, through the Regional Secretariat of Finance.
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