View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
December 1, 2016

Deals this week: Talgo, Exim Bank

Talgo has won a €787m ($836m) contract from Renfe to provide 15 high-speed Avril trains and fleet maintenance for 30 years.

Talgo has won a €787m ($836m) contract from Renfe to provide 15 high-speed Avril trains and fleet maintenance for 30 years. Deliveries of first batch of trains are scheduled to conclude within three years.

The contract also includes provision for a second set of 15 additional train sets and maintenance extension for a further ten years.

Avril trains will be capable of reaching a commercial speed limit of 330km/h and have a passenger capacity of 521.

Renfe plans to introduce Avril fleet along the Mediterranean coast and serve destinations in France.

"Avril trains will be capable of reaching a commercial speed limit of 330km/h."

Equipped with Talgo’s automatic variable-gauge system, the trains will operate on high-speed and conventional lines, and will minimise travel times between northern Spain and the rest of the country.

Export-Import Bank of India (Exim Bank) and the Government of Republic of Ghana have signed a Buyer’s Credit (BC) agreement of $398.33m for the 84km-long Tema to Akosombo railway line in Ghana.

The bank is offering the BC under National Export Insurance Account (NEIA) to Ghana. The BC-NEIA financing mode is a safe non-recourse funding option to exporters in India, while allowing Indian companies to enter traditional and new markets in developing countries. 

Exim Bank has sanctioned $2.84bn for 22 projects worth $3.07bn under the BC-NEIA programme to date.

The Tema-Akosombo railway line will enable transportation of containers and other cargo. The new line will have four stations and two freight terminals.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology