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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Spain : € 150,000,000
Transport : € 150,000,000
Signature date(s)
11/12/2020 : € 50,000,000
30/07/2019 : € 100,000,000
Link to source

Summary sheet

Release date
1 April 2019
Status
Reference
Signed | 30/07/2019
20180375
Project name
Promoter - financial intermediary
RENFE FEVE ROLLING STOCK NORTHERN SPAIN
RENFE OPERADORA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 201 million
Location
Sector(s)
Description
Objectives

the project consists of the acquisition of 31 trainsets (26 electric and five hybrid) to replace ageing rolling stock in metric gauge rail network of Asturias, Cantabria and Vizcaya in Spain.

The project supports the shift of traffic to more sustainable transport modes and reduces related negative transport externalities The project is expected to generate operating and maintenance costs savings. It should also improve the quality and comfort of the services, thus ensuring accessibility to rural areas in these regions. As one of the pillars of the plan for improvement of suburban services, fleet renewal will foster modal shift from road to rail (or at least maintain rail modal share) and therefore contribute to the reduction of accidents, pollution and noise levels especially within urban agglomerations, as well as CO2 emissions. The project will thus contribute to meeting the Bank's target for support to climate action. The project is eligible under Article 309 point (c) common interest. The project's compliance with the Lending Policy for Transport (Decision CA/452/11) is to be confirmed during the appraisal.

Environmental aspects
Procurement

The investment proposed under the project does not fall under either Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU) as manufacturing and use of rail rolling stock is not included in either list. The need of EIA and/or assessment according to the Habitats Directive 92/43/EEC for associated facilities (e.g. maintenance workshops or depots), not included in the investment proposed but needed for the correct operation of the new rolling stock, will be analysed during the appraisal. Arrangements for the replacement or decommissioning of old rolling stock will be reviewed during appraisal. All else equal, the project is expected to have a positive environmental impact by contributing to modal shift from road to railways.

The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

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).

Documents

Environmental and Social Data Sheet (ESDS) - RENFE FEVE ROLLING STOCK NORTHERN SPAIN
Publication Date
19 Jun 2019
Document language
Main Topic
Lending
Document Number
91269366
Document Focus
Environmental Information
Project Number
20180375
Sector(s)
Regions
Countries
Publicly available
Download now
scoreboard - RENFE FEVE ROLLING STOCK NORTHERN SPAIN
Publication Date
23 Jul 2019
Document Language
English
Main Topic
lending
Document Number
95417706
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20180375
Last update
23 Jul 2019
Sector(s)
Transport
Countries
Spain
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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