Welcome to one of the most beautiful Bays in the world

Welcome to one of the most beautiful Bays in the world

Welcome to one of the most beautiful Bays in the world.

Setúbal bay was recently admitted as one of the most beautiful bays in the world in the prestigious and exclusive world bays website. This is an important attribution coming from a quite strict selection process – at the time of writing there are only 38 selected bays in the world belonging to this club. You want to know why ? come to Setúbal and find out !

read it fully in

http://world-bays.com/bays/

Low-cost airlines will start flying to Montijo from 2018

Low-cost airlines will start flying to Montijo from 2018

Low-cost airlines will start flying to Montijo from 2018, and Portela shall remain the main airport of Lisbon. This week’s VISÃO reveals an exclusive article with all the details of the plan which is being negotiated

Montijo’s City Council and the Portuguese Air Force are negotiating with ANA and the Portuguese Government the compensations for installing a civilian terminal for low-cost flights in air-force base no. 6 of Montijo. VISÃO has been told, the parties involved are fine tuning details for a memorandum of understanding, to be approved soon and which will allow to start works next year, in order to be completed by 2018.

The use of the military air force base for civilian air flights implies the refurbishment of the current secondary runway of Montijo, which runs parallel to the main runway of Portela, since the main runway conflicts with flights from the mostly used runway of the Lisbon Airport. New connection accesses linking the Vasco da Gama bridge with the new passenger terminal must be built, implying a new toll charge station. There will also be some interventions in the local road networks of the counties of Montijo and Alcochete. River crossing connections are prioritised in this project and a fast connection to Santa Apolónia train station with a link to the cruise terminal is also foreseen.

This solution does not gather the agreement of all low-cost airlines operating in the Portela Airport. Whilst Ryanair sees it as positive change, although it claims for an autonomous airport management, independent from ANA, Easy.Jet is not satisfied, since it prefers to stay in the heart of Lisbon. Read all about it in tomorrow’s edition of VISÃO.

 

source:

http://visao.sapo.pt/actualidade/economia

14.10.2015 às 18h00

Macau Legend to invest in Tróia and build new casino in Setúbal

Macau Legend to invest in Tróia and build new casino in Setúbal

Macau Legend Development Limited has entered into a Memorandum of Understanding with the Setúbal Municipality in Portugal for the proposed development of an integrated leisure, tourism and entertainment project.

The first phase of this project will include a hotel, a shopping area, a residential area, a marina, a parking lot, a new multi-sport pavilion and a gaming arcade with slot machines. In developing the Setúbal Project, the company hopes to promote both the growth of tourism and the local economy of Setúbal and to better connect Setúbal with the neighbouring area of Tróia.

Tróia is located approximately 15 minutes from Setúbal by passenger and car ferries, and by speed boat in approximately eight minutes. The company has also entered into a Heads of Agreement with three companies in Portugal; Fundo Aquarius, Amorim Turismo and B&G, to establish a new company to jointly develop the Setúbal Project. As part of this proposed transaction, B&G (jointly owned by Fundo Aquarius and Amorim Turismo) will transfer the existing Tróia Casino and Concession into the Joint Venture Company. The Joint Venture Company will own and operate the existing Tróia Casino and will seek to use debt financing to develop the Setúbal Project. B&G and Macau Legend expect to form the Joint Venture Company by 31 December 2016 and the shareholding will be 55 per cent owned by Macau Legend and 45 per cent owned by B&G. Under the terms of the proposed transaction, B&G will transfer the existing Tróia Casino and Concession for €40m and

Macau Legend will simultaneously inject cash or provide bank guarantee of €50m into the Joint Venture Company which will be adjusted by all contributions, costs and expenses incurred by the Company to the Joint Venture Company and confirmed by an independent valuation relating to the development of the Setúbal Project before the closing of the HoA. The existing Tróia Casino is located at the Tróia Design Hotel and has an area of 2,500 square meters with 220 slot machines and 13 gaming tables. The concession for the Tróia Casino expires in 2031.

Ms. Maria das Dores Meira, Mayor of Setúbal, said: “The signing of the MoU represents an important step in achieving the strategic goal of promoting tourism and investment to Setúbal and to increase employment opportunities. This project will lead to a profound and substantial transformation of the riverfront’s usages and help attract Chinese and other Asian tourists.”

Co-Chairman, Executive Director and Chief Executive Officer of Macau Legend, David Chow, said: “This project is the third international project undertaken by Macau Legend after Cape Verde in Western Africa, and Savannakhet in Laos, and they all follow the PRC Central Government’s national policy “One belt, one road”, which helps position Macau as one of the important cities on the Maritime Silk Road, and also helps to lead Macau small and medium enterprises to expand from Macau. We will continue to build on Macau’s unique position as “one center, one platform”, and further showcase the importance of Macau’s role on the Sino-Luso platform. The project will help promote tourism in Portugal but also improve the well-being of the citizens in Setúbal.”

“The Setúbal project and the Tróia casino will be complementary to each other by offering different amenities. This creates synergy between the two sites and allows our project to benefit from the uniqueness of both cities,” said Mr. Chow.

The District of Setúbal is located just 30 kilometers from Lisboa (and Lisbon Airport) through a modern highway system. It has an area of 230 square kilometers and a population of over 120,000 people. Connected with both the River Sado and the Atlantic Ocean, the bay of Setúbal is considered to be one of the most attractive bays in Europe and is home to a famous colony of dolphins which inhabits at River Sado Estuary. Tróia is a peninsula located in Grândola Municipality in the River Sado Estuary and is 40 kilometers from Lisbon by road and ferry, and 130 kilometers by direct roads. Tróia is an established tourist destination with facilities such as golf, fishing, boating, sightseeing and Roman archeological sites. It hosts several hotels, a casino, tourism apartments, restaurants and vineyards.

Portugal is booming: Tourism Flourishes

Portugal is booming: Tourism Flourishes

We flock to the land of fado music, Ronaldo and Porto. The number of holidaymakers in Lisbon and Porto have more than doubled over Portugal – there are 12 percent more tourists than last year.

Jose da Silva, BNR correspondent, lives in Lisbon. He understands why Portugal is becoming increasingly attractive. “It’s one of the cheapest countries in Southern Europe and Portugal both beach and culture.” The thriving tourism for Portugal, the country that suffered from the crisis, very welcome. Tourists give 1 billion per month, doubling compared to last year.

Safety
Another not insignificant reason why one finds Portugal attractive is the safety. “We all know what happened in Nice and Brussels. People run away because of the unrest. Portugal not only benefits from them, but also Spain and Italy. “

Why I love Portugal

Why I love Portugal

“I’m enamoured by the scenery, the rhythms of village life and Portugal’s outstanding (and underrated) food and wine. I love exploring the hidden beaches along the Costa Vicentina, taking picturesque walks in the Serra da Estrela (where I still bump into shepherds during a day’s outing), and roaming in less-visited corners of the Alentejo – such a magical place for discovering the traditional soul of Portugal.”

REGIS ST LOUIS

Writer
USA Today highlights Setúbal Fish Market

USA Today highlights Setúbal Fish Market

The Livramento market in Setúbal was considered one of the most famous in the world by the American newspaper USA Today.

The publication compiled a list of the most famous world fish markets and highlighted in the Setubal market the 5700 tile pieces that cover an area of over 350 square metres depicting scenes of the Portuguese daily life in the 30s, such as fishing or agriculture.

Traditional sardines also stand out, with the reference that in June, the month of popular saints, 13 sardines are eaten at each second.

TAP wants airport in Montijo in the summer of 2018

TAP wants airport in Montijo in the summer of 2018

TAP expects that in the summer of 2018 there will already be some temporary structure in Montijo, where the creation of an airport to support Portela is being studied. Airline shareholder David Neeleman says he is putting “a lot of pressure” on the issue to be resolved “and for the Government to come to an understanding with the Air Force.”

Speaking to journalists, on the fringes of the congress of the Association of Hoteliers of Portugal, David Neeleman urged the executive to resolve the matter at once. “They have to sit at the table and settle this soon, set up something temporary so we can open, not this summer, but next summer. It has to be something open there, “he said.
Neeleman again criticized the costs at Lisbon airport. “ANA has already increased our cost 20 times since the airport was privatized. And it is unbelievable to see that the more the airport grows, the more cost per passenger increases. About 80% of people who visit Portugal come by plane, so we need an open, cheap airport to bring in more people, “he said.

The manager also said that many of the aircraft stationed in Lisbon should be moved to Montijo not to occupy the seats of the planes “that bring people to Portugal every day”.Recently Defense Minister Azeredo Lopes declined to comment on the possibility of using the Montijo air base as a support airport. In Parliament, questioned by the CDS, only said that there is an interim study, but no decision was taken.

in “Público” newspaper 17th November 2016

House prices on the up except in the Alentejo

House prices on the up except in the Alentejo

House prices in Portugal rose by 6.8 percent in the first quarter of this year, compared to the last quarter of 2016, according to new figures released this week by online real estate platform, Idealista.

House prices on the up – except in the Alentejo
This confirms forecasts at the end of last month that property figures were set to continue on a growing trend this coming year, with a forecast growth of four percent over the course of 2017.
The price of property in Portugal rose by more than seven percent during the course of last year.
Property experts speaking to newspaper Diário de Noticias in March said the expected increase in the cost of real estate was set to be boosted by foreign buyers, and also by rising buying power among Portuguese. Latest figures also reveal that last year was the fourth consecutive year in which there was an increase in property sales, with the value and number of deals up 18 percent on 2015.
Published on Tuesday this week, Idealista’s figures show that prices rose in all regions except the Alentejo.
“Excluding the Alentejo all the regions saw prices rise”, according to the Idealista website, which showed that the average housing price in Portugal was €1,442 per square metre.
In the first quarter of this year (January – March), compared to the last quarter of 2016 (October – December), the regions that recorded the greatest rises were Lisbon (10.1 percent), Madeira (7 percent) and the Algarve (6.7 percent), followed by the North (5.1 percent) and Centre (2.8 percent).
In contrast to the overall rise in house prices in Portugal, property owners in the Alentejo region were asking 3.2 percent less for houses, according to the website’s price index.
Lisbon remains the most expensive area, with average prices of around €1.959 per square metre, followed by the Algarve (€1,554 per square metre) and by Madeira (€1,173 per square metre).
The cheapest areas are in the North (€1,051 per square metre), the Alentejo (€996 per square metre) and in the Central region (€915 per square metre).

Montijo air base to become Lisbon’s second airport

Montijo air base to become Lisbon’s second airport

Portugal’s national airports operator, ANA, is to sign an agreement with the government to develop the Montijo air base as Lisbon’s second commercial airport.

ANA management are preparing for a mid-February announcement of the long-awaited government decision to transform Montijo, in a deal which also may involve an extension of ANA’s 30-year contract to manage Portugal’s airports.

The government has chosen the Montijo air base solution, rather than Sintra or Alverca, or building a completely new airpot at Alcohete, on logistical, cost and speed grounds.

The costs involved at Montijo include a compensation payment to the Air Force, said to be around €400 million, and the installation of new road links in addition to on-site conversion work.

Both the mayor of Montijo, Nuno Canta, and the president of TAP, Fernando Pinto, publicly have expressed their willingness to get involved and to find solutions to any cost hurdles in converting the Air Force base.

ANA’s holding company, the French owned Vinci Group, see an investment in Montijo as a way of extending its current ANA agreement as well as taking advantage of the boom in air traffic in and out of Portugal.

Lisbon’s Humberto Delgado airport is approaching its capactity of 23 million passengers per year and with tourism on the increase, this level will be reached in the summer of 2018 with TAP, Ryanair and easyJet planning to increase the number of routes in and out of Lisbon.

The success of Lisbon brings passenger capacity problems in the summer months and the addition of Montijo, which the government wants to see operating in 2018, will ease the pressure on the capital’s airport.

The use of Lisbon’s Humberto Delgado Airport with Montijo air base already has been evaluated by Navegação Aérea de Portugal, which considers that the ‘Lisbon + 1’ solution is an adequate one, based on a 2016 report from Eurocontrol, the international body responsible for the Single European Sky.

Water city project news

Water city project news

Located in the Lisbon Region, on the south bank of Tejo River, and facing downtown Lisbon, the Water City Project site has an area of 60 ha and a 2 km waterfront. The site was formerly occupied by the major private naval dockyard in Portugal (known as “Lisnave”) and one of the largest in Europe, which was deactivated in 2000. The site is currently vacant, and is managed by Baía do Tejo on behalf of the government. Having obtained planning consent, Baía do Tejo is looking to attract investors to undertake the foreseen urban regeneration of this area. Water City is planned to be a new mixed-use project based on sustainability, environment and accessibility.
Access below for the full presentation pdf:

Lisbon, Porto and Cascais top national City Brand Ranking

Lisbon, Porto and Cascais top national City Brand Ranking

The metropolitan cities of Lisbon and Porto and the upmarket town of Cascais have topped an annual, national economic performance ranking by consultancy firm Bloom Consulting, which analyses business, tourism and living conditions in Portugal’s 308 municipalities.

Lisbon, Porto and Cascais top national City Brand Ranking
Lisbon once again reigns supreme on this fourth, annual list, in all three categories – ‘Business’, ‘Visiting’ and ‘Living’ – followed by Porto in second, and Cascais, in third.
Rounding off the top ten are Braga, Coimbra, Sintra, Funchal, Oeiras, Faro and Setúbal.
Bloom Consulting highlighted Faro’s ascent to the top-10, having been off it since 2014, while it stressed Cascais “swapped places with Braga” in a close-cut wrangle for the last spot on the podium.
It also made special mention of Funchal, which “has not stopped growing” since the first edition of the ranking.
Conversely, Guimarães and Aveiro were conspicuous for falling on the table, with Guimarães dropping out of the top ten last year to 14th place this year, while Aveiro fell from 10th to 11th position.
Along with some changes among the top ten spots, the ranking of the top-25 also saw some jiggling this year: “There were 17 changes in positions compared to the previous year. This does not mean the downgrading of some of these municipalities, but rather the sharp rise of several municipalities that tend to assert themselves as major poles of tourism attraction, business and talent in the national context.”, Bloom Consulting explained.
Besides Lisbon and Porto, only Coimbra, Sintra, Matosinhos (16th), Maia (21st), Torres Vedras (22nd) and Mafra (25th) maintain the same positions of the last edition in the overall ranking.
Vila Nova de Gaia achieved the “most impressive growth” on the table, climbing from 34th spot to 12th place over the four editions.
In terms of regions, Lisbon and the North are the most represented in the top 25 (with seven counties each), followed by Central Portugal (six), Algarve (three), Alentejo (one) and Madeira (one).
“Although there is no representation from the Azores, the climbing of nine places by Ponta Delgada shows that the Azorean presence in the ‘top 25’ may be soon”, concludes Bloom Consulting.
Bloom’s Portugal City Brand Ranking analyses the success of the 308 Portuguese municipalities and the relative performance among them in attracting new investors, tourists and new residents. It measures this according to variables such as statistics, demand, and online surveys as well as through municipal websites and social networks.

Lisbon favourite city for Jetcost travellers

Lisbon favourite city for Jetcost travellers

A study by hotel and flight search engine Jetcost has established Lisbon as its European users’ favourite destination in 2016.

Lisbon favourite city for Jetcost travellers
The Portuguese capital was, according to Jetcost, the most sought after city by French, British, German, Italian, Dutch and Spanish travellers. The northern city of Porto and the southern city of Faro also scored high up on the ranking. Madeira was the among the top choices for islands, with the Azores coming in in fifth place.