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The Environmental Fund is expected to cover expenses with the expansion of the Lisbon and Oporto metro lines without interfering with the state budget. The guarantee is given by the Minister of the Environment, João Matos Fernandes, who explains that the Fund has benefited from the rising price of CO2 auctions, so it is expected that by 2023 it will be able to clear 350 millions of euros in revenue.
According to the activity of this year, this increase is due to the rise in prices in the auctions made in the context of the European emissions market, which this month reached the expected value until 39; at the end of this year (with the average price of a ton of carbon dioxide set at 11.98 €). Thus, the budget planned for 2018, from 155 million to 270 million euros of revenue from the Environmental Fund, also increases. 190 million euros, available through the reprogramming of the operational program for sustainability and efficiency in the use of resources (POSEUR)
The receipts of the Environmental Fund have increased by 160% until July 20, compared with same period last year. In addition, there was a 98% increase in the Expenditure Expenditure, which was 76.7 million on July 20th.
With this volume of revenue from the Environmental Fund, and if the CO2 quota market The Minister of the Ministry of the Environment expects that 350 million euros be released by 2023.
The Minister of the Environment also announced that the ministry could get an additional 30 to 40 million euros from the sale of land. Metro owns in Sete Rios. The total investment planned for both lines is 500 million euros, with the funds of the SEUROR and the Environmental Fund.
An extension is planned in Lisbon between the Rato and Cais de Sodré metro stations, and new stations in Santos and Estrela. In Porto, there will be a new line connecting the Casa da Música and São Beto, and she will extend the "Linha Amarela" to Vila D 'Este. The work should be completed by the end of the first half of next year
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