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    Signature(s)

    Amount
    € 570,000,000
    Countries
    Sector(s)
    Spain : € 570,000,000
    Transport : € 570,000,000
    Signature date(s)
    29/06/2021 : € 100,000,000
    11/12/2020 : € 150,000,000
    29/05/2020 : € 320,000,000

    Summary sheet

    Release date
    20 September 2019
    Status
    Reference
    Signed | 29/05/2020
    20180880
    Project name
    Promoter - financial intermediary
    SPANISH SUBURBAN AND REGIONAL ROLLING STOCK
    RENFE OPERADORA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 570 million
    EUR 642 million
    Location
    Sector(s)
    Description
    Objectives

    The project will finance the acquisition of 72 hybrid and electric trainsets to replace ageing rolling stock in the suburban networks of Valencia and Murcia, as well as regional rail services across Spain.

    The project is expected to generate operating and maintenance costs savings, improve the quality, accessibility and comfort of the services, as well as reduce the number of incidences. As one of the pillars of the plan for improvement of suburban services, fleet renewal is expected to foster modal shift from road to rail (or at least maintain rail modal share) and therefore to 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 EIB'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 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 EIB 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 publication of tender notices in the EU Official Journal, as and where required.

    Disclaimer

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

    Documents

    Environmental and Social Data Sheet (ESDS) - SPANISH SUBURBAN AND REGIONAL ROLLING STOCK
    Publication Date
    8 May 2020
    Document language
    Main Topic
    Lending
    Document Number
    91262681
    Document Focus
    Environmental Information
    Project Number
    20180880
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - SPANISH SUBURBAN AND REGIONAL ROLLING STOCK
    Publication Date
    29 May 2020
    Document Language
    English
    Main Topic
    lending
    Document Number
    130983169
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20180880
    Last update
    30 May 2020
    Sector(s)
    Transport
    Countries
    Spain
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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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