Portuguese infrastructure operator IP has received a funding commitment of €813 million from the EU Connecting Europe Facility (CEF) fund for the first phase of the high-speed rail (HSR) line between Porto and Lisbon. The project comprises the construction of 142 km of railway works and 51 km of new single-track links. The funds will be allocated to the concessionaires of the first and second public-private partnerships (PPP). The first phase of the HSR line comprises a 145 km railway link between Porto and Soure, with the first PPP between Porto and Oiã and the second PPP between Oiã and Soure. The financing is intended to cover the investment costs during the construction phase, including €667 million for expropriations, bridges, viaducts, and current structures, as well as €146 million for the quadruple-track expansion of the northern line between Taveiro and the southern entrance to the Coimbra-B station. In June 2024, the European Investment Bank (EIB) approved financing of €3 billion for the €6.1 billion Porto – Lisbon HSR line.
