The Metropolitano de Lisboa and the Recuperar Portugal organisation have signed contracts to finance the red line to Alcântara and the Odivelas/Loures surface light metro, with 554 million euros from the Recovery and Resilience Plan (PRR), in part extending the Sustainable Intermodal Line that will connect to coastal areas popular with expats.
The announcement on Monday, September 20, 2021, by Metropolitano de Lisboa, of the signing of the financing contracts included a breakdown of the investments: the “Expansion of the Lisbon Metro Network - Red Line to Alcântara” will receive financing of 304 million euros while the “Metro Light Surface Odivelas-Loures” foresees a financing of 250 million euros. These represent “amounts corresponding, in both projects, to the total cost of the investment”.
The two contracts account for an investment of 554 million euros from the PRR and "have a deadline for completion on December 31, 2025 ", indicated Metropolitano de Lisboa, in a statement, adding that the objective is to "continue to improve urban mobility from the perspective of sustainable development and decarbonization, with the associated environmental benefits”.
The extension of the red line from São Sebastião to Alcântara will have “a length of four kilometers and four new stations: Amoreiras, Campo de Ourique, Infante Santo and Alcântara. This will create the last link in the future Sustainable Intermodal Line connecting to the municipality of Oeiras (Western LIOS)”, said the company.
According to Metropolitano de Lisboa, the Odivelas-Loures Surface Light Metro will provide “a total of 18 stations and 12 kilometers of network”, on a line that will extend “into the 'C' corridor, which will connect Hospital Beatriz Ângelo to Infantado, with transfers to Lisbon at the underground station in Odivelas”.
In April, the Minister of Environment and Climate Action said 554 million euros of the PRR would be invested in extending the red line of the Metropolitano de Lisboa and expanding it to Loures.
João Pedro Matos Fernandes was speaking at the consignment signing session for lot 1 of the Lisbon Underground Expansion Plan for the connection of Rato stations to Cais do Sodré, with the construction of two new stops in Estrela and Santos, an investment of around 210 million euros, with the project being completed in 2024.
“When the idea of the Recovery and Resilience Plan came up, we knew well where to invest; it will be 554 million euros to build two lines [of the Lisbon underground]. The first is the extension of the red line through Amoreiras, Campo de Ourique, Infante Santo and Alcântara and then connecting to the train”, said Matos Fernandes at the time.
At the time, Matos Fernandes also said that the investment would also be for the expansion of the surface light rail that will connect Odivelas to Infantado, serving Hospital Beatriz Ângelo (Loures) and Alto de Santo António dos Cavaleiros.
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