Release date: 24 July 2025
Promoter – Financial Intermediary
ADIF ALTA VELOCIDADLocation
Description
The project will finance the new high-speed railway line Burgos-Vitoria, and potentially, a new bypass in Olmedo between the high-speed lines Madrid-Burgos and Madrid-Galicia. The line, which is approximately 100 km, is part of the Trans-European Network (TEN-T) Atlantic Corridor connecting Madrid and the Basque Country, as well as the Spanish and French border.
Additionality and Impact
The Project will close a missing link in the core TEN-T Atlantic Corridor and, in combination with other projects, result in completion of the high-speed railway line between Madrid and the Basque Country. This will result in time and vehicle operating cost savings, transport safety benefits, and environmental benefits in terms of reduction of greenhouse gases and pollutants. The Project is 100% eligible under Climate Action and Environmental Sustainability. The Project is mostly located in a transition region, thus improving its accessibility and the mobility of its population. Therfore, the Project will support the strengthening of the EU's economic, social and territorial cohesion.
The EIB financial contribution will entail a long tenor, commensurate with the economic life of the assets financed, and long grace and availability periods, in line with the Project´s implementation period. The EIB loan will complement EU grants that the Project is expected to receive. The flexibility of drawdowns of the EIB loan will allow optimising the use of different sources of funds over time, contributing to project acceleration.
Objectives
The project will comply with the applicable Technical Specifications (TSIs) for Interoperability and include the European Railway Traffic Management System (ERTMS). This will be further verified during the appraisal.
Sector(s)
- Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 1700 million
Total cost (Approximate amount)
EUR 3400 million
Environmental aspects
The project falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU). Conformity with the requirements of the EIA Directive, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be checked during appraisal.
Procurement
The promoter shall ensure that contracts for implementation of the project have been/will be 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 EU Official Journal, as and where required. Information on awarded main suppliers/contractors for the implementation of the envisaged operation is not available.
Status
Signed - 24/11/2025