Lisbon Metro signs two funding agreements

metro projectsMetropolitano de Lisboa and the ” Recuperar Portugal ” Mission Structure signed the financing contracts for the development of metro projects from the country’s Recovery and Resilience Plan 2026.
EUR 554 million is the total value of the financing which will support the implementation of two metro projects in the Portuguese capital.

EUR 304 million will be provided for the “Lisbon Metro Network Expansion – Red Line to Alcântara” project and EUR 250 million will support the Odivelas – Loures light rail line. These investments and financing have a deadline for completion for December 2025.

Lisbon Red Line project covers the construction of a 4 km metro extension and four new stations connecting São Sebastião and Alcântara, with three stations at Amoreiras, Campo de Ourique and Infante Santo. The Alcântara stations will be provide transport connection with the future Sustainable Intermodal Line that will promote the connection to the municipality of Oeiras (LIOS Ocidental).

The light rail line will have a total length of 12.1 km served by 18 stations connecting Hospital Beatriz Ângelo to Infantado, with a transfer to the Yellow Line at Odivelas station. In July, the metro company and the municipalities of Odivelas and Loures signed an agreement to develop the new connection providing transport link to Lisbon centre. 6.7 km and 10 stations will be constructed in Loures and in Odivelas the line will be 5.4 km-long with 8 stations serving five areas. The authorities are planning to launch the construction and train tenders by the end of 2022 which will determine the completion of the project by the end of 2025.

Currently, the capital is carrying out the works for the connection of the Yellow and Green metro lines which will create a circular line. EUR 216 million is the total value of the contract including EUR 50 million for the rolling stock procurement. In May 2021, the consortium of Stadler and Siemens Mobility won a EUR 114.5 million for train and signalling system supply. Last year, the project has received EUR 83 million European funding from the Cohesion Fund and a EUR 127.2 million national support from the Environment Fund.

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