The European Investment Bank (EIB) has granted Spanish construction and services company ACS a EUR 98 million loan to support its research, development and innovation activities. EIB Vice-President Magdalena Álvarez Arza and ACS’s CEO Florentino Pérez signed the finance contract on Friday 7 June.
This EIB loan will contribute to financing ACS’s RDI investment, particularly in the areas of mobility and renewable energies.
The mobility investments are designed to increase the efficiency of public road and rail transport systems and improve the functioning of urban mobility infrastructure and control systems.
The RDI in the renewable energies field is aimed at developing thermo-solar technology, focusing in particular on improving storage capacity and the efficiency of energy conversion and thereby maximising output during the hours of darkness.
The investment period will run until 2015 and the RDI will be carried out at the company’s research centres in Spain.
ACS is Spain’s biggest infrastructure corporate and has a consolidated leadership position in the construction of large-scale public infrastructure worldwide. The EIB loan will help to enhance the company’s knowledge and technological know-how by providing it with long-term funds.
The investments financed by this loan meet the priority EIB and EU objectives of fostering the knowledge economy by improving companies’ technological capacity; ensuring a sustainable, competitive and secure energy supply; and promoting sustainable transport.