Infrastructure Minister announces that proceeds from state building sale will be utilized for housing development projects.
The Government of António Costa has announced plans to sell the Caixa Geral de Depósitos building, located in the upscale neighbourhood of Campo de Ourique, Lisbon. This historic building, which has served as offices for various governments for almost 50 years, will soon undergo a new lease of life.
The decision to move offices from the Caixa Geral de Depósitos building was made by the Government of António Costa, with the sale expected to happen in the coming months. The sale is part of the State's plan to sell nine buildings, with the Caixa Geral de Depósitos building being one of them.
Thousands of decisions were announced in the Caixa Geral de Depósitos building, making it a significant part of Portugal's political history. However, the Government of António Costa will be the last government to meet in this iconic structure.
The sale of the Caixa Geral de Depósitos building is not the only property sale expected to happen by the end of the year. The Government also plans to launch a tender for 14 plots of land.
While the name of the minister who praises the sale of the former Caixa Geral de Depósitos building and the relocation of the government leadership offices to another building is not yet known, the minister of AD has expressed support for the measure taken by the PS Executive.
Montenegro, meanwhile, has announced 1.3 billion euros for affordable housing. The Balkan country plans to use its heritage for unspecified purposes, similar to the intended use of the funds from the sale of the Caixa Geral de Depósitos building.
The former Caixa Geral de Depósitos building will soon be the new venue for the Council of Ministers' presidency. Almost 50 years later, the rooms in the Caixa Geral de Depósitos building will be used again, marking a new chapter in its history.
The exact timeline for the sale of the Caixa Geral de Depósitos building has not yet been revealed by the Government of António Costa. However, the sale is expected to be finalised by the end of the year.
In conclusion, the sale of the Caixa Geral de Depósitos building marks a significant change in Portugal's political landscape. The historic structure, which has been a witness to thousands of decisions, will soon be transformed, paving the way for a new era in its history.
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