TALGO HIGH SPEED TRAIN RDI

The project comprises the promoter’s investments in research, development and innovation (RDI) aimed at developing new solutions and concepts for rolling stock. The main sub-project consists in the development and the detailed design of a new very high speed passenger train platform; the project includes also R&D activities related to the design of new trains for specific markets and feasibility studies focused on innovative components. The project will be carried out mainly in Spain (70.5% of the project cost) at the promoter's R&D centre and the rest in other EU Member States.

The main sub-project consists in the development and the detailed design of a new high speed passenger train; the project includes also R&D activities related to the design of new trains for specific markets and feasibility studies focused on innovative components.

The RDI activities are expected to be carried out in existing R&D centres that will not change their scope due to the project and the manufacturing of new rolling stock is not subject to Directive 2011/92/EU; an EIA is therefore not needed However, the Bank’s services will further assess all the environmental details during the due diligence.

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

The project may be financed under the Risk Sharing Finance Facility (RSFF), which is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.