AVE MADRID EXTREMADURA

Promoter – Financial Intermediary

ADIF ALTA VELOCIDAD

Location

• Spain

Description

The loan will finance the upgrading of the Navalmoral de la Mata-Plasencia-Cáceres-Mérida-Badajoz railway corridor (about 287 km) to high-speed technical standards, including increase in line speed, electrification and doubling of the existing single track sections.

Objectives

The project, which is part of the high speed rail line Madrid-Extremadura, will improve cross-border connections with Portugal in the Atlantic TEN-T corridor.

Sector(s)

• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 715 million

Total cost (Approximate amount)

EUR 1960 million

Environmental aspects

The project is included in the Spanish Infrastructure, Transport and Housing Master Plan "Plan de Infraestructuras, Transporte y Vivienda PITVI (2012-2024)", for which a Strategic Environmental Assessment was carried out. Screening decisions, Environmental Impact Assessment and developments consents, as well as, conformity with the requirements of the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC) will be analysed during the appraisal. The project will promote a modal shift from both road and air to rail and, therefore, it is expected to generate environmental and safety benefits.

Procurement

The promoter has to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 20/11/2020