# Council Implementing Decision of 11 October 2011 amending Implementing Decision 2011/344/EU on granting Union financial assistance to Portugal (2011/683/EU), Article 1

Extent: E+W+S+N.I.

Article 1 of Implementing Decision 2011/344/EU is amended as follows:
(1) paragraph 1 is replaced by the following:
‘1. The Union shall make available to Portugal a loan amounting to a maximum of EUR 26 billion, with a maximum average maturity of 12,5 years. The maturity of individual tranches of the loan may be of up to 30 years.’;
(2) paragraph 5 is replaced by the following:
‘5. Portugal shall pay the cost of funding of the Union for each tranche.’.

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Source: https://www.legislation.gov.uk/eudn/2011/683/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2011-683/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.