Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Lisbon to design new mechanism ensuring funicular safety after crash
    Headlines

    Lisbon to design new mechanism ensuring funicular safety after crash

    Published by Global Banking and Finance Review

    Posted on September 8, 2025

    2 min read

    Last updated: January 22, 2026

    Lisbon to design new mechanism ensuring funicular safety after crash - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:safetypublic transportinfrastructureengineering

    Quick Summary

    Lisbon City Council is implementing new safety measures for the Gloria funicular after a fatal crash, ensuring maximum security before reopening.

    Table of Contents

    • Safety Measures for the Gloria Funicular
    • Expert Team Formation
    • Details of the Accident
    • Funicular's Historical Significance

    Lisbon City Council to Implement New Safety Measures for Funicular

    Safety Measures for the Gloria Funicular

    LISBON (Reuters) -Lisbon's city council has tasked a team of experts with designing a new mechanism to ensure the safety of the Gloria funicular railway that had a deadly crash last week and will remain closed until its revamp, a city official said on Monday.

    "We must guarantee maximum security," the council's Vice President, Filipe Anacoreta Correia, told reporters, adding the country needed to be reassured that this was the case before the cable car could reopen.

    The group will include technicians from municipal public transport company Carris, which operates the funicular, and experts from universities, Portugal's engineering regulatory organization, and national civil engineering laboratory LNEC, Correia added.

    Expert Team Formation

    During an extraordinary meeting, the council also voted to give the expert team the final say on when it was safe to resume the funicular's operation.

    Details of the Accident

    A preliminary report said problems with a cable likely caused the funicular railway popular with tourists to hurtle down a hill, killing at least 16 people and injuring another 22 when it crashed into a building.

    It said the accident happened in just 50 seconds because, although the pneumatic and manual brakes were activated, they did not have enough capacity to stop the funicular, and there was no other redundant safety system.

    Funicular's Historical Significance

    Gloria, which opened in 1885, is one of three old funiculars operated by Carris and is used by tourists as well as local residents.

    The line connects Lisbon's downtown area near the Restauradores Square with the Bairro Alto and transports around 3 million people a year.

    (Reporting by Sergio Goncalves; Editing by David Latona and Rod Nickel)

    Key Takeaways

    • •Lisbon City Council is enhancing safety for the Gloria funicular.
    • •A team of experts will design a new safety mechanism.
    • •The funicular will remain closed until safety is assured.
    • •A cable issue likely caused the deadly crash.
    • •The Gloria funicular is historically significant in Lisbon.

    Frequently Asked Questions about Lisbon to design new mechanism ensuring funicular safety after crash

    1What is a funicular?

    A funicular is a type of cable railway system that moves up and down steep slopes, typically used in hilly or mountainous areas to transport passengers.

    2What are safety measures?

    Safety measures are protocols or systems implemented to ensure the protection of individuals and infrastructure, especially in transportation systems.

    3What is public transport?

    Public transport refers to shared passenger transport services that are available for use by the general public, including buses, trains, and funiculars.

    4What is urban development?

    Urban development is the process of improving and expanding urban areas, focusing on infrastructure, housing, and community services.

    5What is an engineering regulatory organization?

    An engineering regulatory organization is a body that sets standards and regulations for engineering practices to ensure safety and compliance.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Factbox-Why are French prosecutors investigating Elon Musk's X
    Factbox-Why are French prosecutors investigating Elon Musk's X
    Image for Kremlin says it has heard no statements from India on halting Russian oil purchases
    Kremlin says it has heard no statements from India on halting Russian oil purchases
    Image for French Finance Minister may put Forex volatility on G7 agenda
    French Finance Minister may put Forex volatility on G7 agenda
    Image for Germany takes 25.1% stake in grid company TenneT for $3.9 billion
    Germany takes 25.1% stake in grid company TenneT for $3.9 billion
    Image for Iranian police say 139 foreigners arrested over unrest in Yazd province
    Iranian police say 139 foreigners arrested over unrest in Yazd province
    Image for NATO's Rutte says reaching deal to end war will require tough choices
    NATO's Rutte says reaching deal to end war will require tough choices
    Image for Trump's tariff cut spells relief in India despite scant details
    Trump's tariff cut spells relief in India despite scant details
    Image for NATO's Rutte to meet Zelenskiy in Kyiv, FT says
    NATO's Rutte to meet Zelenskiy in Kyiv, FT says
    Image for Paris prosecutor's cybercrime unit searches X office, Musk summoned
    Paris prosecutor's cybercrime unit searches X office, Musk summoned
    Image for Russia won't be provoked into arms race after nuclear treaty expires, Ryabkov says
    Russia won't be provoked into arms race after nuclear treaty expires, Ryabkov says
    Image for Poland detains Defence Ministry employee suspected of collaborating with Russia, Onet reports
    Poland detains Defence Ministry employee suspected of collaborating with Russia, Onet reports
    Image for Spain to ban social media access for under-16s, PM Sanchez says
    Spain to ban social media access for under-16s, PM Sanchez says
    View All Headlines Posts
    Previous Headlines PostAnalysis-Crisis-prone France sinks deeper into debt quagmire
    Next Headlines PostNew York Fashion Week opens this week amid fragmented luxury backdrop