Release date: 19 October 2012
Promoter – Financial Intermediary
TALGOLocation
Description
The project comprises the promoter’s investments in research, development and innovation (RDI) aimed at developing new solutions and concepts for rolling stock. The main sub-project consists in the development and the detailed design of a new very high speed passenger train platform; the project includes also R&D activities related to the design of new trains for specific markets and feasibility studies focused on innovative components. The project will be carried out mainly in Spain (70.5% of the project cost) at the promoter's R&D centre and the rest in other EU Member States.
Objectives
The main sub-project consists in the development and the detailed design of a new high speed passenger train; the project includes also R&D activities related to the design of new trains for specific markets and feasibility studies focused on innovative components.
Comments
The project may be financed under the Risk Sharing Finance Facility (RSFF), which 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)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 107 million
Environmental aspects
The RDI activities are expected to be carried out in existing R&D centres that will not change their scope due to the project and the manufacturing of new rolling stock is not subject to Directive 2011/92/EU; an 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 - 18/12/2012
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).