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October 28, 2009

EIB and Spain Ink €5bn Funding Agreement

The European Investment Bank (EIB) has signed a framework agreement with Spain to provide €5bn to finance high-speed rail projects in the country. Some of the projects include building the Madrid-Badajoz line (towards Lisbon), the Madrid-Alicante-Murcia and Valladolid-Burgos-Vitoria hig

By cms admin

The European Investment Bank (EIB) has signed a framework agreement with Spain to provide €5bn to finance high-speed rail projects in the country.

Some of the projects include building the Madrid-Badajoz line (towards Lisbon), the Madrid-Alicante-Murcia and Valladolid-Burgos-Vitoria high-speed lines, as well as the expansion of Madrid’s Atocha station.

Other projects include building a new tunnel for high-speed use connecting Madrid’s Atocha and Chamartín stations, building the third and fourth tracks on the high-speed section between Torrejón de Velasco and Madrid and building the Valladolid-Galicia high-speed line.

Work will be carried out between 2010 and 2015 by the country’s rail infrastructure administration Administrador de Infraestructuras Ferroviarias.

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