Infraestruturas de Portugal (IP) and the Recuperar Portugal Mission Structure (PRR) established a financing contract for the modernization of electronic signaling systems installed on the National Railway Network, for a total amount of 49 million euros. This is the first investment in the railway, within the scope of the PRR.

Miguel Cruz and Fernando Alfaiate, presidents, respectively, of IP and PRR, signed the financing contract to carry out the investment, called “Digitalization of Rail Transport”, in Component C15 - Sustainable Mobility of the Recovery and Resilience Plan.

This is a very relevant financing instrument for IP, with ambitious metrics, framed by the need to ensure the demanding deadlines inherent to fulfilling the signed contract.

From now on, IP will cover a railway component of PRR investment, in addition to the ongoing program for road infrastructure.

Miguel Cruz highlights “the symbolic moment of signing the financing contract under the PRR for a new project, the first in the railway area, represents not only an increase in responsibilities, but also a demonstration of confidence in IP's execution capacity”.

Fernando Alfaiate, in turn, highlights that the “resilience project, however, is in a component, C15, which has a recognition of climate transition, but the name of the project is digitalization, therefore it encompasses the three structuring dimensions of the PRR”.

Source: Infrastructures of Portugal / AIP