The award is one of 12 various infrastructure projects in Europe to benefit from part of a total investment of 500 million euros.

The airport’s total redevelopment plan is estimated to cost around 130 million euros and will be carried out in two phases.

The first phase, which has already begun, will concentrate on the airport’s operational areas, while the second phase will see the terminal and accesses completed by 2013.

Meanwhile, low cost airline Ryanair, opened its first Portuguese domestic route on October 26 between Faro and Porto airports.

Ryanair spokesman, Daniel de Carvalho said: “Until now, many hours and a lot of money were wasted to travel between the north and south of the country.”

The new flights from Faro to Porto will operate every Monday, Wednesday, Friday and Sunday. As well as allowing easy access to various areas of interest in the north of Portugal, the connection also allows for flights to other destinations otherwise unavailable from the Algarve.

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