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EU to invest 288 mln euros to enhance Portugal-Spain ties

Xinhua, February 14, 2015 Adjust font size:

The European Union announced on Friday it will invest 288 million euros (328 million U.S. dollars) to enhance cross-border cooperation between Portugal and Spain.

The European Commission said in a statement that the money will be made available through an interregional cooperation program (Interreg) which, including national funds, will have a total volume of 382.5 million euros.

"A special emphasis will be given to cross-border initiatives that address protecting the environment, promoting tourism and economic growth and covering investigation and development," the statement said.

The European Union also pointed out that the program will promote a better integration of the investigation capacities and development on both sides of the border, to reap the full benefits of the region's economic potential. Endit