According to Vítor Costa, director-general of the Lisbon Tourism Association (ATL), the entity responsible for renovation, presented on 27 November, it will cost 27 million Euros, of which “16 million have already been approved by the City of Lisbon from tourist taxes and 11 million will be provided by ATL.”

The Lisbon Riverfront Renovation Project follows the right bank of the Tagus River between Santa Apolónia and Cais do Sodré with the objective of “creating conditions for maritime tourism, for public river transportation between the two banks” and also the creation of leisure and cultural spaces, as well as shops and restaurants.

According to the mayor of Lisbon, Fernando Medina, the megaproject will change the relationship of Lisboners and tourists who visit the city with the Tagus.

The plan integrates several interconnected projects, such as the reconstruction of the Wall of Lovers, the removal of the embankment and the restoration of the original layout of the Cais das Colunas, whose works are already underway, the creation of a Nautical Activity Support Pier and the rehabilitation of the pontoon of the Navy Dock.

It is also planned to rehabilitate the South and Southeast Station to the original 1929 layout, with the reinforcement of the two Transtejo / Soflusa pontoons and the installation of three new pontoons with boardwalks to accommodate boats from various tour operators.

This rehabilitation also has a new area with cafeteria, kiosk, restaurant and terraces, an information office, a tourist shop and the tour support terminal in the Tagus, with the installation of eight ticket offices of different operators.

The creation of the “Codfish Story Centre”, a space in honour of this symbol of national cuisine, and the Tagus Centre, where cultural and tourist promotion of the riverside municipalities will be promoted, are other projects planned.

The urban intervention “will allow the public spaces to be recovered by the river and connect the pedestrian and cycling routes along the Ribeirinha Front”.

These cycle paths will be integrated into a 60-kilometre bike path project between Vila Franca de Xira and Guincho, in which the Lisbon City Council is working in conjunction with other riverside municipalities.

“I would very much like this bike path to be ready during this municipal mandate,” said the mayor of Lisbon, Fernando Medina, stressing that much of this route is already cycleable, with only a few routes to be connected, namely in the Caxias area of ??Oeiras.

Between South and Southeast Station and the new Cruise Terminal, the Navy Dock will give way to a wooded space, a new restaurant and four kiosks, with public terraces and toilets, as well as a landscaped space on the east side of the Navy Dock, which will host playful and musical activities.

Next to the Navy Dock will also be built a docking point for Creoula, which will allow the visit and tourist exploration of this instructional ship, which will be recovered in a partnership between the Navy, the Ministry of Defense and the chambers of Lisbon and Aveiro.