Publicaciones

The Portuguese High Speed Project
Banking and Capital Markets
2008-02-14

After several delays, the Portuguese Government has finally decided to start the construction of the high-speed rail network, which will represent an overall investment of €9,100 million, making this the largest infrastructure project in Portugal ever to be completed.

The project will start with the construction of two links from Lisbon to Madrid and from Lisbon to Oporto, which should be completed in 2013 and in 2015, respectively, and will be run as separate projects. As part of the Lisbon/Madrid link, the Government also plans to build a new rail crossing over the Tagus.

Unlike the New Lisbon Airport project, which will be awarded to a single consortium, the size of the overall project and the fact that the construction of the projected links can be split into different sections to be awarded to different consortia will increase the chances of local and international contractors, banks and investors to get involved.

This briefing reviews the latest developments in Portugal’s high-speed rail projects and the key structural and legal issues regarding their development.

© 2008 Macedo Vitorino & Associados

« Volver