Regional Government authorizes 400,000 euro investment for Largo da Republica rehabilitation
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:
- Financial year 2026: 100,000.00 euros;
- Financial year 2027: 200,000.00 euros;
- Financial year 2028: 100,000.00 euros.
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.
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