Saturday, June 27, 2015

SPAIN: EIB finance improvements in rail and port network – EntornoInteligente

SPAIN <- - AUGURE_NOTICIA_INICIO!>: The EIB will finance improvements in rail and port network / The World / The European Investment Bank (EIB) has announced that grants a loan of 180 million euros to the Spanish company Adif High Speed. This loan is aimed at financing investments in facilities of signaling and safety systems, the statement released by the company.

In addition, the EIB will lend 50 million euros to the State Ports for the financing of small and medium scale to be controlled by different port authorities until 2018.

In signing contracts, which took place at the Ministry of Development, attended by the Minister for Public Works, Ana Pastor, and Vice President of the EIB, Román Escolano, and the chairman of Adif High Speed ​​Gonzalo Ferre, and the president of Ports State, José Lorca.

During the ceremony, Escolano noted that “these operations are a sign of the excellent cooperation between the EIB and the Spanish authorities.” He also stressed that these agreements will facilitate the improvement of the single market and connecting with other markets.

The Adif High Speed ​​loan will expand the use of the European System of Rail Traffic Management, which will bring improvements in safety and reliability of the Spanish infrastructure over 800 kilometers in terms of lines It refers rail. Regarding funding for the Port Authority, the main target will be to improve the efficiency of ports.

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