The first PPP contract for the high-speed rail line between Porto and Oiã was signed this Tuesday with the consortium led by Mota-Engil.
Carlos Mota Santos, CEO of Mota-Engil, emphasized the consortium's commitment, stating, "We are strongly committed to ensuring that the contribution of Portuguese companies does not end in Oiã." He highlighted the consortium's readiness to participate in future high-speed rail projects, showcasing the unmatched capacity of Portugal's construction and engineering sector.
The project, backed by nearly 2 billion euros in private financing, including a significant 875 million euro investment from the European Investment Bank, marks a pivotal step in Portugal's infrastructure development. The consortium, comprising six Portuguese construction companies, has demonstrated remarkable financial and technical mobilization for this complex endeavor.
What's Next?
Following the contract signing, the project will undergo a 12-month study and design phase, with expropriations to commence shortly after. The construction phase is expected to last 48 months, leading to a total project timeline exceeding 60 months before operation begins.
Meeting Deadlines and Budgets
Miguel Pinto Luz, Minister of Infrastructure and Housing, stressed the importance of adhering to schedules and budgets, a sentiment echoed by all stakeholders. The high-speed rail line, once completed, will connect Lisbon and Porto in just 1 hour and 15 minutes, serving an estimated 10 million passengers annually.
The Porto–Oiã segment will feature 71 km of new high-speed rail infrastructure, including a new station in Santo Ovídio, adaptations to Campanhã station, a new bridge over the Douro River, and a new electrical traction substation near Estarreja.
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