Work began today on the expansion of Lagos Marina, a €12.5 million investment set to create 102 new berths for large vessels. The first phase of the project is expected to be completed by September.
The new infrastructure will accommodate vessels of up to 30 metres and includes 55 mooring spaces for commercial fishing boats, 170 berths for local leisure craft, and 41 allocated to the Lagos Sailing Club. The marina currently offers 474 berths for yachts. Moreover, an additional 102 mooring spaces for vessels measuring between 10 and 30 metres will be created in the outer harbour area of Lagos.
Speaking to the press, Lagos Marina administrator Martinho Fortunato explained that the construction of pontoons for the fishing fleet forms part of an agreement with Docapesca, as the development area includes the fishing port. “The fishing pontoons are a counterpart of the project and part of the negotiations with Docapesca, since the intervention zone covers the fishing harbour,” he said.
On the sidelines of the ceremony, Mr Fortunato added that the 170 new berths would be aimed at smaller, locally owned boats. “They are intended for local residents, at lower costs, so that everyone can have access to and enjoy the sea,” he said.
The project will also regenerate a previously neglected area of the city. According to Mr Fortunato, the works extend beyond the water basin to include surrounding land. Plans include the construction of fishing equipment storage facilities, 135 parking spaces, a yacht club, designed as a venue for events and nautical activities, and eight commercial units.
The water-based expansion is scheduled for completion in September, while the redevelopment of adjacent areas is due to conclude in 2027. Mr Fortunato added that the new infrastructure is expected to generate a 21 per cent increase in economic impact. The marina’s annual turnover currently ranges between €17 million and €30 million.
He highlighted the marina’s wider importance to the national economy, noting that it currently hosts 106 businesses employing around 1,350 people.
André Gomes, president of Algarve Tourism, described the project as strategically important for the region’s nautical tourism sector. “This segment has enormous growth potential,” he told journalists. “With this investment in improving the nautical tourism offering, we are adding quality and innovation to a key and strategic area for the Algarve.”
Source: LUSA
