Portugal: Lisbon’s Alcãntara area target of 407 million-euro investment

29 April 2008

Lisbon, Portugal, 29 April – The riverside Alcântara area of Lisbon will be the target of an estimated 407 million-euro investment in rail and port facilities, the Portuguese public Works, transport and communication minister, Mário Lino said.

The minister noted that of the amount to be invested in the project known as “Nova Alcântara” 247 million euros would be the responsibility of container company Liscont – Operadores de Contentores, of the Mota-Engil group and the remainder would be funded by rail network company Refer and the port of Lisbon administration company, APL.

According to Lino, work “will begin now and all that work will be finished in 2013.”

The rail project will include a connection between the Cascais line and the Cintura line, via a tunnel as well as construction of a new Alcântara-Terra station.

The investment plan for port facilities includes expansion, reorganisation and equipping of the Alcântara container port, refurbishment work for access by container ships and craetion fo a morring dock. (macauhub)