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    Reference: 20140262
    Release date: 11 September 2014

    Promoter – Financial Intermediary

    Kingdom of Spain, through the Ministry of Public Works and Transport



    Installation of command control and signalling equipment, in particular deployment of the European Rail Traffic Management System (ERTMS) and, as a fall-back solution, of the Spanish Railway Signalling System (ASFA, class B system) on several high-speed and conventional rail lines in Spain.


    Improving safety features in several sections of both conventional and high-speed lines in Spain.



    Proposed EIB finance (Approximate amount)

    EUR 275 million

    Total cost (Approximate amount)

    EUR 370 million

    Environmental aspects

    The project consists of works that in principle do not fall under the scope of Directive 2011/92/EU; the need for an environmental impact assessment (EIA) will however be assessed during appraisal. The Bank will also analyse whether the project falls within a plan or a programme requiring a strategic environmental assessment (SEA) in line with Directive 2001/42/EC. Compliance with Directives 92/43/EEC (the Habitats Directive) and 2009/147/EC (the Birds Directive) will be verified during appraisal.


    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/17/EC and 2007/66/EC, amending Directives 1989/665/EEC and 1992/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.


    Signed - 26/06/2015


    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).

    Related tags

    Spain Transport