LIPOR complete settlement of the loan taken out at the European Investment Bank (EIB)

LIPOR, Association of Municipalities for the Sustainable Management of Waste in Greater Porto, signed in 1997 an important loan of 138.3 million euros with the European Investment Bank for a period of 27 years, for the construction of its important infrastructures: the Composting Plant and the Sorting Center in Ermesinde/Baguim do Monte; and in Maia, the Energy Recovery Plant.

Fully guaranteed by LIPOR itself and its associated Municipalities (Espinho, Gondomar, Maia, Matosinhos, Porto, Póvoa de Varzim, Valongo and Vila do Conde), the Debt Service (amortization and Interest) in the amount of 231.9 million euros, was fully settled by LIPOR through its own revenues.

It is with great satisfaction that the Organization, in this important year of 2024, in which it is already planning large new Investments, reaches a situation in the Balance Sheet of "Bank Liabilities 0”, releasing, from now on, funds that can be used to co-finance the Investments foreseen for the period 2024-2030, in LIPOR's Strategic Plan and that amount €290,121,811.