Portugal’s national airports operator, ANA, is to sign an agreement with the government to develop the Montijo air base as Lisbon’s second commercial airport.
ANA management are preparing for a mid-February announcement of the long-awaited government decision to transform Montijo, in a deal which also may involve an extension of ANA’s 30-year contract to manage Portugal’s airports.
The Volta ao Algarve cycling tour is to be broadcast throughout Europe and beyond, with 55 countries and 65 million households able to watch the race and to enjoy views of the Algarve.
The 43rd tour takes place between 15th and 19th of February and will be covered by Eurosport.
The Minister of Planning and Infrastructures, Pedro Marques, has a new friend in Olhão, the city's mayor António Miguel Pina (pictured left) who is delighted that the long-awaited by-pass finally is to be built to relieve the city of some of the worst congestion on the EN125.
Pedro Marques said that this work, that has been expected for so long, will become a reality when it opens in 2019, at a cost of €5.6 million.
Civil engineering work at Faro airport will be completed early this summer, according to the Minister of Planning and Infrastructure, Pedro Marques, who seemed keen to announce this development even though the work is privately funded and is four months behind schedule.
The €35 million current expansion and refurbishment works will enable Faro Airport to cater for the expected increase in passenger traffic.
The omnipresent Minister for Infrastructure and Planning, Pedro Marques has confirmed that the Algarve’s old world railway line is to be fully electrified, at a cost of €32 million.
The modernisation work starts this month but won’t be finished until at least 2020.
The Algarve’s councils have taken measures to ensure no one freezes to death in the coldest few days for over a decade.
In Faro and Olhão, teams have been handing out warm clothing and food, while Faro council has arranged overnight shelter for the homeless where they can get hot food.
The former president of Banco Espírito Santo Investments (BESI) says he feels "proud" of the Espírito Santo name and intends to rebuild the brand and overcome the company’s "black period."
Recently released from the burden of running Haitong Bank, after disagreements with chairman Hiroki Miyazato, José Maria Ricciardi said he wanted to develop "professional activities of a different nature from the current ones."
António Pires de Lima, the former Minister of the Economy, has been hired by the US private equity fund Advent International as a consultant.
Pires de Lima, a minister in the Passos Coelho coalition PSD-CDS government, joins the US fund already operating in 40 overseas territories and will be "identifying and evaluating investment opportunities in the Portuguese market as well as in the global consumer sector."
