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NNA - 4th edition of Huawei Middle East ICT Competition opens to aspiring students across Lebanon
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Lusa - Business News - Portugal: EU to finance €304M expansion of Lisbon metro red line to Alcantara




Lisbon,Oct.16,2020(Lusa)–The expansion of the Red line of the Lisbon Metro to Alcântara,valued at €304 million,is one of the investments foreseen in the outline of the Recovery and Resilience Plan, which, according to the government, will be fully financed by European funds.
According to a source from the ministry for the environment, which oversees urban transport, the figure indicated in the preliminary document of the Recovery and Resilience Plan (PPR) delivered by the government in Brussels corresponds to the total investment for the work.
"The €304 million corresponds to the total investment for the expansion of the Red line to Alcântara, which will be fully financed through European PPR funds".
In May of this year, Environment Minister João Pedro Matos Fernandes said in parliament that the government was ready to launch the expansion of the Red line of the Lisbon Metro in October or November if there was funding.
Matos Fernandes referred to the expansion of the Red line from São Sebastião to Alcântara-Alto de Santo Amaro, passing through Amoreiras, Campo de Ourique and Infante Santo.
Besides the work on the Red line, the Government also plans to proceed with the works for the completion of the Circular Line.
The state budget for 2020 had earmarked €210 million for the total investment for the expansion of the circular line which, according to the ministry's source, "has not been revised, nor is it expected to be revised in order to advance the work," he said.
The work is funded to the tune of €83 million by POSEUR (Operational Programme for Sustainability and Efficiency in the Use of Resources), with the remainder - €127.2 million, - funded by the Environmental Fund and by revenue from the sale of assets, not earmarked for exploitation, he said.
According to the preliminary version of the State Budget for 2021, known this week, the Environmental Fund is expected to allocate more than €36 million to the Lisbon metro to finance the expansion of the network and purchase new trains.
The expansion aims to improve mobility in the city of Lisbon by promoting accessibility and connectivity in public transport, reducing travel times, decarbonisation and sustainable mobility.
The Circular Line aims to connect Cais do Sodré station (Green line) to Rato station (Yellow line) and, for that, two new stations are planned: one in the Santos area and the other in the Estrela area.
According to the Ministry's reply to Lusa, work on the Rato - Santos section "is expected to begin in the first quarter of 2021, with completion estimated at the end of 2023 and entry into service in 2024".
The Red line, connecting São Sebastião to the Airport is planned to expand from São Sebastião to Alcântara-Alto de Santo Amaro, passing through Amoreiras, Campo de Ourique and Infante Santo.
RCP/AYLS // AYLS
Lusa


Agency : LUSA

Date : 2020-10-17 10:15:00







 

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