IP03

50 // iberian.propery / 2017

dossier// ISSUE: TOP IBERIAN cities

Lisbon South Bay,

the future of

the city is here

Occupying 900 ha on the south bank of the Tagus River, Lisbon South Bay

involves some of the largest investments planned for the Portuguese capital,

creating one of the biggest urban centres to emerge in Europe.

With support from the government, the public company Baía do Tejo

and the municipal councils of Barreiro, Seixal and Almada have been

actively promoting the investment potential of the Lisbon South Bay

land, while reinforcing investment to renew the areas where the largest

industrial production centres in Portugal once operated.

«Recovering these plots of almost 900 hectares of land of the former Quimi-

parque, Siderurgia and Margueira is a great opportunity for this country’s

development»

, stated the Prime Minister, António Costa, at the end of

the working session with the heads of the entities that run Lisbon South

Bay (see insert), where hewas accompanied by the ministers of the Envi-

ronment, João Pedro Matos Fernandes, and the Sea, Ana Paula Vitorino.

Lisbon South Bay is the

new driving force for

Lisbon’s development

Investment in regeneration and mobility are a govern-

ment priority

Emphasising that

«it is essential that the State and municipalities work

together»

to ensure this project’s success, António Costa took advantage

of this occasion to announce several structural investments for the re-

gion’s development, focusing particularly on mobility and environmental

regeneration, which are a priority.

Therefore, as well as maintaining the solid investment to decontaminate

the land in Barreiro and Seixal, the government is also preparing to invest

millions of euros on mobility. Part of this will be the launch of a Barreiro/

Seixal road connection that will substantially reduce the travel time be-

tween these locations, and financing for this project will be provided either

within

«the framework of support infrastructures for the newairport»

, or

«the

next Community support framework»

. He also announced the intention to

extend the Metro Sul do Tejo light rail line, whichwill take place under the

next Community support framework. And, regarding the project for the

newBarreiroMulti-modal Platform and Container Terminal, there is also a

clear intent to install this project in front of the former CUF/ Quimigal land.