578 million links between Portugal and Europe – Politics

Portugal, Spain and France will be more connected than ever. Prime Minister Antonio Costa and Spanish President Pedro Sánchez and French President Emmanuel Macron signed Friday an agreement to build an energy link in the Bay of Biscay between the Basque Country and France) which will double the energy exchanges between the three countries and cut costs with gas and electricity.

"The goal is to increase the interconnections between the Iberian Peninsula and the rest of Europe by 10% by 2020 and to increase to 15% by 2030", said Mr António Costa at the end of the 2nd summit on the energy interconnection in Lisbon.

The new 280 kilometer line is expected to be ready by 2019. With an investment of 578 million euros from the European Investment Bank (EIB), the signatories have welcomed the progress of the project that has been awarded "the most important European financial support for an energy infrastructure," said the three leaders.

But this new sea connection will only make sense for Portugal when the project that connects our country to Spain for the Minho region will be completed.

As for the bill that will suit everyone, no one wanted to answer.This work, which has been continually postponed , should only be operational in 2021.

Costa wants a country in "European hard core"
Prime Minister António Costa defended yesterday at the conference & # 39; Meeting with citizens "that Portugal has the advantage of to be "at the heart of Europe" and that France and Germany "are two excellent partners". "If we want peace and prosperity in Europe, we need good relations with France and Germany."

French President Emmanuel Macron defended the need to "reinvent Europe", an unprecedented moment. "

The summit" took an important step "
António Costa said yesterday that" an important step has been taken in comparison with the previous summit in Madrid, because a contract was signed , new goals set and a roadmap for a policy that aims at security, competitiveness and decarbonisation of the economy. "

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2015
The first summit on energy interconnections took place in Madrid in 2015 with the presence of Pedro Passos Coelho, Mariano Rajoy and François Hollande

Security
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