Algarve 2030: Urgent Need to Execute €100 Million by 2025

6th Meeting of the Algarve 2030 Monitoring Committee The Algarve 2030 Regional Program Monitoring Committee convened on February 25 at the Old Fish Market in Portimão. The agenda focused on critical points for the program, including compliance with the N+2 rule for the 2025 execution, an interim review, and a proposal for the second reprogramming of the program, which will be submitted by the end of March.

José Apolinário, President of the Algarve 2030 Directing Commission, emphasized the importance of ongoing monitoring by the European Commission, stating that this meeting occurs at a time when efforts are concentrated on accelerating the execution of PT2030.

With the aim of optimizing the use of allocated funds, the significant goal is set for November 2025, requiring the execution of €100 million from the Algarve 2030 Program. Apolinário noted, "This is the execution target for 2025 - one year before the PRR deadline - and it is the mission of all who advocate for the importance of cohesion policy and the entities around this table."

A planning framework has been established based on beneficiary types and objectives, around which the Algarve 2030 Management Authority seeks commitment from all entities involved.

According to the governance model for the 2021-2027 period, the committee is responsible for analyzing all issues affecting the program's progress towards achieving its objectives, making recommendations to improve its effectiveness and efficiency.

In addition to members of the Algarve 2030 Monitoring Committee, which includes around sixty representatives from various national and regional entities, municipalities, and parishes, the meeting also featured participants from the DG Regio and DG Employment of the European Commission and the national Agency for Development and Cohesion, responsible for the technical coordination of the implementation of European Funds.

The Old Fish Market in Portimão, where the session took place, was a project supported under the previous community framework. Built in 1916, it operated as a fish market from the 1950s until the 1980s. The rehabilitation, financed at €510,261.23 (60% from FEDER), has transformed this building, which was in a state of advanced degradation, into a multi-purpose space directed towards culture, coworking, and the affirmation of the territory of Portimão and the region.

CCDR Algarve