Billions to be invested in transport sector

By TPN/Lusa, in News · 17-01-2019 13:02:00 · 0 Comments
Billions to be invested in transport sector

Portugal’s National Investment Programme (PNI) for the period through 2030 foresees the spending of €21.95 billion on projects in the areas of transport, energy and environment.

According to Lusa News Agency, the government document contains details of 72 different programmes and projects, with the transport and mobility sector the one receiving the largest slice, at €12.678 billion for a total of 44 projects, representing 58 percent of the total.
The second-largest is energy, at €4.93 billion, for eight projects, constituting 23 percent of total investment. The environment is next, at €3.57 billion for 18 projects, 16 percent of the total.
Other investments include above all in irrigation, with €750 million or 3 percent of the overall amount, and multi-sectoral studies and projects on which €22 million is to be spent.
As regards sources of financing, according to the document, the state itself is to bear the highest burden, of €12.916 (59 percent), including €5.75 billion from the European Union, €1.5 billion from reduced charges from public-private partnerships (PPP) and €4 billion from the general state budget. The private sector is to provide €7.568 billion (35 percent of the total) and public enterprises €1.466 billion (6 percent).

Portugal’s railways are to receive €4.04 billion of investment, including a programme of capacity building and an increase of speeds on the Porto-Lisboa route (costing €1.5 billion). As a result, the document calculates, 30 percent more passengers should be carried and 40 percent more freight, equivalent to a reduction of 100,000 lorry trips per year.
Mobility and public transport are allocated €3.39 billion in investment, above all in the metropolitan areas of Lisbon and Porto, including their metro systems and measures to reduce carbon emissions. Highways are to receive €1.625 billion in investment, including several road safety programmes and road-widening projects.
The airport sector is to receive €707 million, of which €507 million is to be in Lisbon, while the seaport sector is to receive €2.488 billion.
After its submission to parliament, the PNI with any amendments are to be forwarded to the Higher Council of Public Works.
The PNI covers projects or programmes with investment exceeding €75 million in national infrastructure located in mainland Portugal, over a period of 10 years.



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