Reference: 20190737
Release date: 7 April 2020

Promoter – Financial Intermediary

ADIF ALTA VELOCIDAD

Location

Description

The project consists of acquisition of rolling stock for inspection and ancillary maintenance activities across both the high speed and the conventional rail networks in Spain.

Objectives

The aim is to increase the quality of the rail infrastructure in Spain, and by this means contribute to the quality of rail services and promote travel by rail, thereby, enhancing sustainable transport in line with EU objectives. Part of the infrastructure for which the vehicles will be used is located in convergence or transition regions. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest. The potential contribution of the project to the climate action objective will be assessed during appraisal.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 155 million

Total cost (Approximate amount)

EUR 310 million

Environmental aspects

The investments proposed under the project do 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) will be analysed during the appraisal. By means of contributing to better quality of railway infrastructure, the project will promote a modal shift from both road and air to rail and, therefore, it is expected to generate environmental and safety benefits.

Procurement

The promoter has to ensure that contracts for the implementation of the project have been / will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 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.

Status

Signed - 21/07/2020

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).

Related tags

Spain Transport