Portugal approves €584m for up to 20 high-speed trainsets

The investment is EUR 584 million (of which EUR 45 million for workshops and equipment), budgeted for 2027 to 2032 with a peak in 2031 (about EUR 247 million); CP is to fund it through EU funds and market loans rather than the state budget. The tender is due to start at the end of 2026 and the trains are to arrive by 2032, so that the first operating phase on Porto–Lisbon (journey time from 2:48 hours to under 1:20 hours) can begin; a second phase provides for up to 6 more trainsets for international services (26 in total).

The government decided in the Council of Ministers on 22 January 2026 that CP may procure up to 20 high-speed trainsets: 12 firm and 8 optional, costing EUR 584 million in total including EUR 45 million for workshops. The spending is budgeted for 2027 to 2032; CP is to fund it from EU funds and market loans instead of the state budget, the international tender is expected at the end of 2026 and delivery by 2032, so that the first operating phase can start on Porto–Lisbon. A second phase could enlarge the fleet by up to 6 units for international services to 26; at the same time the infrastructure ministry has launched the concession tender for the Oiã–Soure section. (LOK Report, 16 Feb 2026)