Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Minister announces €7'000 Mln investment in infrastructure

Source: El Pais - Fri 10th Feb 2012
Minister announces €7'000 Mln investment in infrastructure

The Minister of Development, Ana Pastor, has announced a €7,000 million euro infrastructure investment plan which will include upgrades to the 'Mediterranean corridor' until 2024.

Pastor made the announcement to the house of Congress Development Committee, commenting "The time of undertaking enormous projects, such as having airports with no traffic, is over."

The Government's objectives are to complete the high-speed AVE rail network, improve the conventional railway network, and to increase standards of service.

€25'000 Million will be spent on upgrading the AVE high-speed rail network, with €6'543 Million of this being spent on the Mediterranean Corridor strech covering La Encina-Valencia; Albacete-Alicante; Alicante-Murcia; Murcia- Almeria and Antequera-Granada.

The stretch of line connecting Madrid to Barcelona and Tarragona, with an investment of €380 million, and the Valencia-Castellσn link, at a cost of €800 million euros were also announced.

The projects will be jointly financed between public funds, European grants and private investment.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs