The European Investment Bank (Banco Europeu de Investimento or BEI) has approved 700 million euros in new financing for Portugal, dividing the funds between housing and transport. EIB President Nadia Calviño announced 300 million euros to support housing construction and renovation, primarily for the private sector, along with 400 million euros for the expansion of the Lisbon Metro (Metropolitano de Lisboa). The announcement coincides with Bank of Portugal (Banco de Portugal) figures showing total mortgage debt rose 11.2 percent year-on-year to 120.2 billion euros in September.
European Investment Bank Pledges €700 Million for Portugal
Tuesday, 27 October 2026AI summary
Context & Explainers
Nadia Calviño is the President of the European Investment Bank (EIB), a role she assumed in January 2024. Before leading the EIB, she was Spain's First Vice President and Minister for Economy and Digital Transformation. Those following European economic policy should note her influence on how the EU funds climate and infrastructure projects in the euro area.
