Iridium signs the AVE (high-speed train) Poceirao-Caia (Portugal) Project concession contract for forty years with a project investment of 1,651 million Euros.

The concession contract signing ceremony for the high-speed railway line, Poceirao - Caia section (Madrid – Lisbon axis) was held on the 8th of May in the Penafiel Palace in Lisbon, which is the headquarters of the Ministry of Public Works, Transport and Communications.

This act was presided over by the Minister of Public Works, Transport and Communications, with the presence of the Under-Secretary of State for Public Works and Communications, the Secretary of State for the Treasury and Finances, together with the RAVE and REFER Presidents.

This contract, in which Iridium is participating, includes the design, construction, financing, operation and maintenance of the Portuguese high-speed railway line, Poceirao - Caia section (Madrid – Lisbon axis), together with the design, construction, financing and operation of a new station at Évora. The project investment is 1,651 million Euros, with a concession period of forty years. This is the first contract to be awarded for the development of the Portuguese high-speed line (Madrid - Lisboa - Oporto - Vigo).

The infrastructure is made up of a UIC-width, double-track line, with a length of 167 kilometres and designed for a speed of 315 kilometres per hour, which will accompany a single-track line along the Evora-Caia section for goods transport with origin or destination at the Port of Sines. It also includes the Evora station. The works construction includes, among others, 36 bridges and viaducts, with an approximate length of 16.6 kilometres, with these including the A12 and A6 motorway overpasses.


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