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Loan to support nationwide rollout of ERTMS in Spain

Source: Global Rail News - Mon 29th Jun 2015
Loan to support nationwide rollout of ERTMS in Spain

The high-speed arm of Spain's infrastructure manager, Adif Alta Velocidad, has received a €180 million loan to upgrade signalling and safety systems on lines around the country.

The loan will support the introduction of ERTMS on several routes and improve the reliability and security of more than 800 kilometres of railway.

Spain's Minister of Development, Ana Pastor, EIB vice-president Román Escolano and the president of Adif Alta Velocidad, Gonzalo Ferre, signed the loan agreement, which has a repayment period of 20 years, plus a five-year grace period.

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