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CGD available to finance projects related to Lisbon airport
The chairman of CGD said today that the public bank is available to finance projects related to the new airport and that he defended that it is time for more public investment.
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Economia CGD
"Caixa is clearly available for that", said Paulo Macedo when presenting the results of the first quarter of the public bank, when asked if the public bank is available to finance works such as those related to the airport.
The manager said that it is good that there is finally a decision, that the need for a new airport [in the Lisbon region] was unanimous in Portuguese society and that now "it is necessary to study financing alternatives".
Macedo also stated that it is time to increase public investment, which has been very low.
"There is one thing I also agree with, public investment should increase, it has been at very low levels. We must have a share of our taxes that is destined for public investment", he said.
On Tuesday, the Government approved the construction of the new airport for the Lisbon region in Alcochete, following the recommendation of the Independent Technical Commission (CTI), which will be called Luís de Camões, announced the Prime Minister, Luís Montenegro.
The Government also decided to mandate Infraestruturas de Portugal to conclude the studies for the construction of the Third Tagus Crossing (TTT) and the Lisbon-Madrid high-speed rail link.
Read Also: CGD says it wants an agreement with the unions but not "at any price" (Portuguese version)
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