The EIB funds will be used for the reconstruction of destroyed homes to support the Portuguese people after the massive fires.
Francisco de Paula Coelho, Dean of the EIB Institute, said: “This announcement underlines the EIB’s commitment to supporting the victims of humanitarian catastrophes. The EIB group renews its deepest condolences to all those that lost family members or friends in this terrible tragedy and its sincere appreciation to all the firefighters that put their lives at stake to protect others.”
The EIB Group, in an effort coordinated by the EIB Institute, raised money among its staff, which was topped up by the Bank itself, and decided to donate €500,000 to help the victims of the fire.
These EIB funds will be donated to the REVITA fund recently created by the Portuguese authorities to help the local population and revitalise the affected area.