CAF TRAIN TECHNOLOGY RDI

Promoter – Financial Intermediary

CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES SA

Location

• Spain

Description

The project comprises the promoter's investments in research, development and innovation (RDI) of railways and train components.

Objectives

The project comprises the promoter's investments in research, development and innovation (RDI) of railways (signalling, rail-integral systems and processes efficiency) and train components (urban, sub/inter-urban, high speed trains). The project's activities focus on improving energy efficiency, reliability, and furthering into eco-design concepts in the development of technologies applied to rail products such as traction, bogies - wheels, axles and axle gears, body shells, rail control and communications, or electrification.

Comments

The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 125 million

Total cost (Approximate amount)

EUR 250 million

Environmental aspects

The activities are expected to be carried out in existing R&D centres that will not change their scope due to the project, and is not subject to Directive 2011/92/EU; an Environmental Impact Assessment (EIA) is therefore not needed. However the Bank's services will further assess all the environmental details during the due diligence.

Procurement

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project's due diligence.

Status

Signed - 5/11/2013