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Approximately thirty million euros are to be invested by the Port and Maritime Transport Institute (IPTM) in fishing ports throughout the Algarve, by 2012. The biggest investment, €10 million, is to be invested in Tavira’s docks. According to daily newspaper Correio da Manha, €14.8 million will be put towards improving nautical infrastructures in eight of the region’s ports.

Another significant contribution will be invested in Olhão’s future fishing port, which will be complete in 2012 and will receive a €9.5 million boost.

In Portimão’s port a channel leading from the river to a maintenance bay and dry dock will be drained, representing a €1.3 million investment.

 

source: http://www.the-news.net