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    € 60,000,000
    Spain : € 60,000,000
    Transport : € 60,000,000
    Signature date(s)
    19/07/2022 : € 6,000,000
    19/07/2022 : € 6,000,000
    19/07/2022 : € 24,000,000
    19/07/2022 : € 24,000,000
    Link to source

    Summary sheet

    Release date
    25 March 2022
    Signed | 19/07/2022
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 60 million
    EUR 153 million

    Acquisition of 10 electric trainsets to provide rail access services between Barcelona city centre and the airport.

    The project is expected to double the current rail capacity and significantly improve the modal share of rail in the land access to the Barcelona Airport, thus contributing to sustainable transport in line with EU objectives. The project is therefore eligible under Article 309 point (c) common interest.

    Additionality and Impact

    The project will double the current rail capacity and significantly improve the modal share of rail in the land access to the Barcelona Airport. This will result in less waiting times as well as vehicle operating cost savings, transport safety benefits, and environmental benefits. The project is 100% eligible under Climate Action.

    The express rail connection with the Barcelona airport "Josep Tarradellas" will make public transport more attractive and accelerate the modal shift from road to rail between the airport / city connection.

    The project incorporates innovative financial features, replacing a standard first-demand guarantee by means of a put option on the rolling stock, issued by the regional rail operator. This solution has not been explored before in this kind of operations. EIB financing has been customised in its availability and disbursement terms and this will facilitate the implementation of the Project. Additionally, EIB´s participation has attracted several private financiers at more attractive rates and tenor, with a greater risk appetite and willingness to accept novel guaranteeing scheme (the put option).

    Environmental aspects

    The investments proposed under the project do not fall under either Annex I or Annex II of the Environmental Impact Assessment 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 an environmental impact assessment (EIA) and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) will be analysed during the appraisal. All else equal, the project is expected to have a positive environmental impact by improving the modal share of rail in the land access to the Barcelona Airport.

    The Bank will require the Promoter to ensure that contracts for implementation of the project have been tendered in accordance with the 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 Official Journal of the EU, as and where required.

    Link to source
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    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).


    Environmental and Social Data Sheet (ESDS) - FGC MOBILITAT ROLLING STOCK
    Publication Date
    10 Jun 2022
    Document language
    Main Topic
    Document Number
    Document Focus
    Environmental Information
    Project Number
    Publicly available
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    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.
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