madeira.news
Economy · Funchal · 10 August 2026

Region Receives 8 Million Euros in Agreement with CLCM After 19 Years of Litigation

The Autonomous Region of Madeira and CLCM have signed an agreement to regularize debts, resulting in an 8 million euro gain for the Region.

Region Receives 8 Million Euros in Agreement with CLCM After 19 Years of Litigation

The Autonomous Region of Madeira and CLCM (Madeira Fuel Logistics Company) have reached an agreement, ending a 19-year dispute.

The debt regularization document was signed by both parties, leading to a financial gain of 8 million euros for the Region. Furthermore, APRAM (Ports Administration of the Autonomous Region of Madeira) will now receive a monthly rent for the use of the Caniçal fuel terminal.

More in Economy