The European Investment Bank (EIB) has granted a EUR 180 million loan to ADIF Alta Velocidad to finance the installation of signalling, telecommunications and safety equipment, as well as the introduction of ERTMS on 810 km of lines, during 2014 – 2018. The loan agreement was signed on the 26th of June in the presence of Spanish Development Minister Ana Pastor, EIB Vice-President Román Escolano and ADIF Alta Velocidad President Gonzalo Ferre.
The loan provides for a repayment period of 20 years and a grace period of five years. The first tranche amounts to EUR 100 million.
The installation of control-command and signalling subsystems, especially of the ERTMS, will be carried out on the following lines:
- Valladolid-Venta de Baños-Burgos.
- Vigo-A Coruña
- various lines of Madrid suburban railway network.
- various lines of Barcelona suburban railway network.