Estradas de Portugal road authority to receive US$1.05bn from 2013 state budget
Portuguese road authority Estradas de Portugal will receive US$1.05 billion (€781mn) from the state budget in 2013. As part of this, an agreement for a €238 million loan has already been signed with state secretary Maria Luis Albuquerque.
January 31, 2013
Read time: 1 min
Portuguese road authority 1410 Estradas de Portugal will receive US$1.05 billion (€781mn) from the state budget in 2013. As part of this, an agreement for a €238 million loan has already been signed with state secretary Maria Luis Albuquerque.
Portugal is planning a series of road repair and renovation works starting in 2015. The Portuguese road agency Estradas de Portugal (EP), plans to invest €436 million between 2015 and 2019. This will be invested in renovating the basic road infrastructure for local and regional routes. The plan calls for 250 bridges and viaducts to be upgraded, with 120 improvements on local roads. The programme of work also includes 100 sites where road safety will be improved.
The construction of the Marão road tunnel in Portugal will be resumed in the first half of 2014 – ending a two-year suspension of works due to the financial constraints of the winning Somague-led build consortium.
The construction of the Marão road tunnel in Portugal will be resumed in the first half of 2014 – ending a two-year suspension of works due to the financial constraints of the winning Somague-led build consortium.
The concession for the tunnel, which, at 5.6km, will be Portugal’s longest road tunnel, is now under the control of the state road agency Estradas de Portugal. Another investment of €150 million (US$ 202.91 million) is required to complete the major infrastructure works, earmarked for completio
Several Portuguese motorway concession companies want to be paid compensation by Estradas de Portugal (EP), the state-owned road agency, to help cover the increased costs resulting from the launch of systems to cover toll fees using licence plate chip solutions. The contracts signed by Baixo Tejo, Litoral Oeste and Pinhal Interior between 2008 and 2010 covered the mandatory use of licence plate chip systems, whereby they would be responsible for fees and other related costs. However, the project was altered
