Lisbon's second airport will cost 8.5 billion euros and will only open in 2035; The city is struggling with huge passenger queues.

Portuguese Minister of Infrastructure and Housing Miguel Pinto Luz announced the government's new airport strategy for the Lisbon region on Wednesday, July 22, stating that the construction of a second airport has moved "from the decision-making phase to the implementation phase." "We've been dreaming of a new airport for 50 years, and today we're making it happen," he said. The new Luís de Camões Airport, which will be built at the Alcochete military shooting range on the southern bank of the Tagus River, is planned to cost between 7.9 billion and 8.9 billion euros and open in 2035. The investment estimate is based on 2024 prices, which means the final cost will likely be higher. The revised range of ANA – Aeroportos de Portugal's preliminary estimate for 2025 puts the cost of the project at 8.5 billion euros.