European Investment Bank Supports Portuguese Waste Management

The European Investment Bank (EIB) has granted a 100 million Euro loan to EGF, the company responsible for the treatment and recovery of urban waste in 174 municipalities in Portugal, to support waste management projects in the country.

In March this year, the loan agreement was ratified in Lisbon. As stated, the committed financing will make it possible to increase and improve the selective collection of urban waste and the modernization of triage and organic recycling centers. Furthermore, it would provide a way to meet the targets of the recently announced National Strategic Plan for Urban Waste in Portugal (PERSU 2030). In addition, a significant part of the committed financing will benefit cohesion regions.

(Published in GLOBAL RECYCLING Magazine 2/2023, Page 12)