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EU to invest EU288 Mln to enhance Portugal-Spain ties

Source: Xinhua - Fri 13th Feb 2015
EU to invest EU288 Mln to enhance Portugal-Spain ties

The EU announced on Friday it will invest EU288 Mln to enhance cross-border cooperation between Portugal and Spain.

The European Commission said in a statement that the money will be made available through an interregional cooperation program (Interreg) which, including national funds, will have a total volume of EU382.5 Mln.

A special emphasis will be given to cross-border initiatives that address protecting the environment, promoting tourism and economic growth and covering investigation and development," the statement said.

The EU also pointed out that the program will promote a better integration of the investigation capacities and development on both sides of the border, to reap the full benefits of the region's economic potential.

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