Release date: 23 February 2009
Promoter – Financial Intermediary
Renfe Operadora
Location
Description
Acquisition of high-speed trains.
Objectives
The project will increase quality, interoperability and reliability of trains operating on the Spanish railway network and thereby will promote sustainable transport solutions in line with EU transport policy objectives.
Sector(s)
Proposed EIB finance (Approximate amount)
Around EUR 550 million.
Total cost (Approximate amount)
Around EUR 1,100 million.
Environmental aspects
The supply of rolling stock does not fall within the scope of EU environmental impact assessment legislation. It is expected that the new rolling stock will support the competitiveness of rail transport – a sustainable mode of transport – which should lead to environmental benefits.
Procurement
The Bank will require the promoter to ensure that the contracts under the project have been or shall be tendered in accordance with EU public procurement procedures.
Status
Signed - 19/06/2009