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    Signature(s)

    Amount
    € 1,300,000,000
    Countries
    Sector(s)
    Spain : € 1,300,000,000
    Transport : € 1,300,000,000
    Signature date(s)
    4/12/2009 : € 150,000,000
    12/03/2009 : € 500,000,000
    4/07/2011 : € 650,000,000
    Link to source

    Summary sheet

    Release date
    10 October 2008
    Status
    Reference
    Signed | 12/03/2009
    20080094
    Project name
    Promoter - financial intermediary
    AVE Madrid – Valencia

    Administrador de Infraestructuras Ferroviarias (ADIF).

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Around EUR 1300 million.
    Around EUR 6 000 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the construction of some 365 km of high-speed rail infrastructure between Madrid-Valencia.

    The project is a priority TEN and a key component of the Spanish high-speed rail network. The new line will connect with the Mediterranean corridor and from there to Barcelona and France.

    Environmental aspects
    Procurement

    Compliance with EU environmental directives and national laws shall be ensured.

    Procurement procedures applied by the promoter are in compliance with Council Directives applicable to public authorities’ procurement, and national legislation.

    Comments

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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