The government will extend the concession of the public passenger transport service to the Metropolitano de Lisboa company until 2030, for an investment of around 71 million euros, according to an order published today.
“The Public Service Concession Contract for Passenger Underground Transport (CCSPTM2015) runs until July 1, 2024, and it is necessary to ensure the continuity of the public service under concession, especially since the current time limitation on the concessionaire’s management powers is already conditioning its activity in several areas,” reads the order published in Diário da República.
According to the law, which was approved by the Council of Ministers on March 21, the government believes that the extension of the concession period “is necessary to pursue the public interest” and to carry out projects and investments already underway, considering it to be the time necessary for the “amortization and remuneration of the capital invested by the concessionaire”.
This involves the development of the project to modernize the signalling systems, the acquisition of 14 new triple units, the extension of the Yellow and Green lines (Rato – Cais do Sodré), the expansion of the Red line to Alcântara and the construction of the light surface metro between the municipalities of Loures and Odivelas.
The financial compensation that the government will award to Metropolitano de Lisboa until 2030 will be around 71 million euros, to which will be added the balance calculated in the previous year.
The costs will be covered by funds entered or to be entered in the budget of the General Secretariat of the Ministry for the Environment and Climate Action.
