Portuguese Railways (Comboios de Portugal) published a tender for the procurement of 12 bimodal units, both electric and diesel, and of 10 diesel units. The contract is estimated at EUR 168.2 million. The announcement came immediately after the Portuguese Railways renewed their public services contract for another ten years, until 2029. The public services contract includes an option for extension for another five years. The new concession offers financial security to the Portuguese Railways to invest in new rolling stock procurement. The acquisition will also be supported through a financing worth EUR 109 million, granted by the European Regional Development Fund and by the European Cohesion Fund for 2021-2027. The remainder of up to EUR 170 million will be covered from the state budget and Portugal’s Environment Fund. The renewal of the rolling stock fleet is closely connected to the modernisation of Lisbon-Oporto railway, modernisation proposed within the National Investments Programme 2030. This project could generate a 30% increase in the number of passengers on Portugal’s main intercity route. Long-distance rolling stock procurement is also expected soon.
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