Lisbon’s city council will create an urban mobility fund worth € 15 million to finance the management of urban roads.
Lisbon’s councilor responsible for finance, João Paulo Saraiva, made the announcement last week during a presentation of the Portuguese capital’s budget for 2017.
Carris, a public transport company in Lisbon that operates the city’s buses, trams and funiculars, will manage the urban mobility fund.
The city plans to raise the money through parking revenues, fines and vehicle excise duty.
