Objective
The aim is to increase the quality of rail services in the cohesion regions of centre and north of Portugal. By promoting travel by rail, the project will enhance sustainable transport in line with EU objectives and contribute to the EIB's cohesion (100%), climate action and environmental sustainability targets (100%). The project is located on the core TEN-T (Atlantic Corridor) and therefore provides a missing link that will yield benefits across the wider TEN-T network. The project is therefore eligible under Article 309 point (a) "projects for developing less-developed regions" and point (c) "projects of common interest" of the EU Treaty - European Investment Bank
Description
The Lisbon to Porto High-Speed Rail Project is a monumental infrastructure overhaul designed to slash travel times between Portugal's two largest cities to just one hour and fifteen minutes Porto-Lisbon High-Speed Railway Line, Portugal. By bypassing the congested legacy North Line, this double-track, European-gauge network will support train speeds of up to 300 km/h. The new route will connect Lisbon's Oriente station to Porto's Campanhã station, adding key intermediate stops at Leiria, Coimbra, Aveiro, and Vila Nova de Gaia. Implemented in phases to align with regional funding and operational capacity, initial segments aim to ease domestic travel before the entire corridor achieves full connectivity. The project is expected to significantly reduce carbon emissions by shifting millions of tons of passenger and freight traffic away from roads and domestic air travel. Furthermore, the corridor is engineered to seamlessly integrate with the broader national rail network and eventually facilitate international high-speed connections toward Spain. History
Originally planned in the mid-2000s, the project was completely shelved in 2011 during Portugal's sovereign debt crisis. It was revived and restructured under the National Investment Plan 2030 as a phased, high-speed project designed to avoid the financial pitfalls of the past by utilising Public-Private Partnerships. The first PPP lot concessions (Porto–Oiã) are launched, with line engineering works targeted to start around 2027–2028 and open by 2031–2032. Finance
$3421470000 loan
European Investment Bank
Development bank