Investment of EUR 3 B in Portugal’s Lisbon-Porto high-speed rail line
- Valerie Charoux
- Mar 29, 2023
- 1 min read
An investment of EUR 3 billion is expected for phase 1 of Portugal’s Lisbon-Porto high-speed rail line. The total investment for the Porto-Lisbon high-speed rail line will reach EUR 11 billion, as it will be developed in three phases, with completion expected to be in 2030.
A consortium of Spanish companies, namely Sacyr, FCC, Ferrovial and ACS is taking the lead and partnering with Portuguese firms DST Domingos da Silva Teixeira and ACA Engenharia & Construção to bid for the project, according to elEconomista.
Meanwhile, other consortiums are also being formed to bid for what is deemed to be Portugal’s largest infrastructure project in 2023, namely OHLA, Comsa and Acciona. The largest construction company in Portugal, Mota-Engil, in which Chinese giant China Communications Construction Company has 32.4% shares, will also bid for the project through a consortium formed with Portuguese companies Teixeira Duarte, Casais, Conduril, Gabriel Couto and Alves Ribeiro.
The consortiums will bid for the first phase of the project, that is the line between Porto and Aveiro and the section between Aveiro and Soure, the two contracts representing an investment of nearly EUR 3 billion, according to elEconomista. The Portuguese Government has already obtained EUR 1 billion from EU funds for financing the project.
In addition to the Porto-Lisbon high-speed rail line, Portugal intends to connect Porto to Vigo in Spain between 2026 and 2030, so the journey will be possible in 50 minutes. The Portuguese line will thus connect with Spain’s AVE high-speed rail network.
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