Portugal's New Airport: Government Acknowledges Potential Taxpayer Impact
Público7 months ago
1000

Portugal's New Airport: Government Acknowledges Potential Taxpayer Impact

Economy
airport
infrastructure
economy
lisbon
government
Share this content:

Summary:

  • Government concerned about funding the new airport's construction.

  • Finance Minister hopes for minimal impact on taxpayers with private financing.

  • The project will be the largest infrastructure ever built in Portugal.

  • The Government has 30 days to analyze the submitted report.

  • The new airport is essential for economic growth and progress in Portugal.

Concerns Over Funding: The Government is increasingly worried about how the construction of the new airport in Lisbon will be financed. Recently, the ANA submitted its report on the new infrastructure, with Finance Minister Miranda Sarmento expressing hopes that the costs to taxpayers will be minimal. He stated, “If possible, even without any impact on taxpayers, with totally private financing.” The report's implications are being closely watched.

A Major Infrastructure Project: Sarmento emphasized that this will be the largest infrastructure project ever undertaken in Portugal, both in scale and cost, and will eventually fall under the responsibility of an international private group.

Timeline and Expectations: Following the report's submission, the Government has 30 days to analyze it. Infrastructure Minister Miguel Pinto Luz described this moment as “very significant,” marking the start of a crucial journey for the New Lisbon Airport (NAL), which is deemed essential for economic growth and progress in Portugal.

Collaboration and Future Plans: The decision was made with the collaboration of the current airport operator, who had preferred a dual approach that would have maintained operations at Portela Airport alongside Montijo, which would have been less costly. Sarmento stressed the importance of expanding Lisbon’s airport capacity for both the Lisbon Metropolitan Area and the rest of the country, particularly regarding its impact on tourism and business.

Future Developments: The new airport, named after Luís de Camões, is not expected to be completed before 2034 and will start with only one runway, complementing the existing Humberto Delgado Airport. An independent commission has indicated the need for a regulatory framework to enhance the new infrastructure's usage and manage demand at Humberto Delgado. They also noted that revising the concession contract may be necessary to ensure a balanced relationship between the State and the private operator.

Comments

0

Join Our Community

Sign up to share your thoughts, engage with others, and become part of our growing community.

No comments yet

Be the first to share your thoughts and start the conversation!

Newsletter

Subscribe our newsletter to receive our daily digested news

Join our newsletter and get the latest updates delivered straight to your inbox.

OR
PortugalToday.news logo

PortugalToday.news

Get PortugalToday.news on your phone!

Other Latest News

Binter Flight Diverted to Porto Santo Leaves Passengers Stranded Without Accommodation

Binter Flight Diverted to Porto Santo Leaves Passengers Stranded Without Accommodation

7 hours ago
880
Emergency Medical Transfer Nightmare: Patient Stranded for 5+ Hours Due to Oversized Air Force Helicopter

Emergency Medical Transfer Nightmare: Patient Stranded for 5+ Hours Due to Oversized Air Force Helicopter

1 hour ago
910
Strong Winds Cause Chaos: 16 Flights Diverted from Madeira Airport

Strong Winds Cause Chaos: 16 Flights Diverted from Madeira Airport

9 hours ago
970
Algarve's Housing Crisis Takes Center Stage at AMAL's Extraordinary Meeting

Algarve's Housing Crisis Takes Center Stage at AMAL's Extraordinary Meeting

13 hours ago
1010
easyJet Flight Diverted Again to Canary Islands Due to Strong Winds in Madeira

easyJet Flight Diverted Again to Canary Islands Due to Strong Winds in Madeira

12 hours ago
1000
Shocking AI-Generated Video of 'Giant Wave in Algarve' Goes Viral – But It's Fake!

Shocking AI-Generated Video of 'Giant Wave in Algarve' Goes Viral – But It's Fake!

10 hours ago
950
Lisbon Crackdown: Four Arrested in Human Trafficking, Prostitution, and Drug Ring

Lisbon Crackdown: Four Arrested in Human Trafficking, Prostitution, and Drug Ring

16 hours ago
980
Double-Decker Buses Now Connect Braga to Algarve - A First in Portugal

Double-Decker Buses Now Connect Braga to Algarve - A First in Portugal

11 hours ago
1030
Lisbon Area Crackdown: 20 Arrested in Major Road Operations

Lisbon Area Crackdown: 20 Arrested in Major Road Operations

14 hours ago
1000
Discover the Algarve's Culinary Gems: 16 Must-Visit Restaurants from Faro to Alcoutim

Discover the Algarve's Culinary Gems: 16 Must-Visit Restaurants from Faro to Alcoutim

18 hours ago
890
June Was a Catastrophe: Over 30,000 New Cases Filed Against AIMA in Just One Month

June Was a Catastrophe: Over 30,000 New Cases Filed Against AIMA in Just One Month

15 hours ago
1160
Strong Winds Warning Extended in Madeira Until Monday - Stay Safe!

Strong Winds Warning Extended in Madeira Until Monday - Stay Safe!

17 hours ago
1010
Heatwave Alert: Seven Portuguese Districts Under Yellow Warning Until Tuesday

Heatwave Alert: Seven Portuguese Districts Under Yellow Warning Until Tuesday

19 hours ago
1070
Algarve Wine Session Returns in October – Now Open to Everyone!

Algarve Wine Session Returns in October – Now Open to Everyone!

1 day ago
900
Cape Verde Celebrates Independence: A Journey from Colonial Subjugation to Sovereignty

Cape Verde Celebrates Independence: A Journey from Colonial Subjugation to Sovereignty

1 day ago
980
Healing Steps: How Portugal's Fishermen's Trail Helped a War Reporter Overcome Grief

Healing Steps: How Portugal's Fishermen's Trail Helped a War Reporter Overcome Grief

20 hours ago
980
Carneiro's Leadership Strategy: Uniting a Divided PS Amidst Political Turmoil

Carneiro's Leadership Strategy: Uniting a Divided PS Amidst Political Turmoil

1 day ago
830
Lisbon Honors Salgueiro Maia with Its Highest Distinction on His 81st Birthday

Lisbon Honors Salgueiro Maia with Its Highest Distinction on His 81st Birthday

21 hours ago
890