The square takes its name from the medieval 'portagem' (toll) gate that formerly regulated trade entering the city via the river.
The Hotel Astoria, overlooking the square, is a preserved example of 1920s Art Deco style and served as a frequent lodging for notable historical figures.
The statue of Joaquim António de Aguiar was erected in 1909 to commemorate the politician, who is buried in the nearby Santa Cruz Monastery.
This location marks the transition point between the flat riverside 'Baixa' and the steep, terraced topography of the university district.
The square underwent significant infrastructure renovations in the late 20th century to prioritize pedestrian flow over vehicle transit.
Largo da Portagem is the primary urban gateway linking the historic riverside district to the medieval uptown of Coimbra. It sits at the foot of the Santa Clara Bridge, serving as the city's main traffic and pedestrian junction. The square is defined by the 19th-century Neo-Manueline architecture of the Bank of Portugal building and the neighboring Hotel Astoria. A prominent bronze statue of Joaquim António de Aguiar, a 19th-century Portuguese Prime Minister, stands as the square's focal point. The area hosts the main pedestrian artery, Rua Ferreira Borges, which climbs steeply toward the University of Coimbra. It remains the traditional starting point for the Queima das Fitas academic festivities.
From the middle of the Santa Clara Bridge looking back toward the square to capture the statue, the historic architecture, and the rising university buildings.
Use the square as your central meeting point, as it is visible from almost every point in the lower city.
Look for the narrow side streets leading away from the square to find local pastry shops that are less crowded than those on the main artery.
Visit the riverside area immediately adjacent to the square for panoramic views of the University skyline across the Mondego River.
Avoid dining at the immediate sidewalk cafes fronting the square, as these are high-traffic areas with premium pricing; move two streets inland for better value.