Renfe to receive EIB funding for train procurement

The European Investment Bank has under appraisal Renfe’s project on the procurement of new trains. The total value of company’s acquisition programme is EUR 201 million and the proposed EIB finance is EUR 100 million.
The project consists of the acquisition of 31 trainsets, of which 26 are electric trains and 5 hybrid trainsets. They will replace Renfe’s ageing rolling stock in metric gauge rail network of Asturias, Cantabria and Vizcaya.
The project is expected to generate operating and maintenance costs savings. It should also improve the quality and comfort of the services, thus ensuring accessibility to rural areas in these regions. As one of the pillars of the plan for improvement of suburban services, fleet renewal will foster modal shift from road to rail (or at least maintain rail modal share) and therefore contribute to the reduction of accidents, pollution and noise levels especially within urban agglomerations, as well as CO2 emissions.
Recently, Renfe has launched a EUR 2.72 billion tender for the procurement of 176 trains together with maintenance services for 15 years.

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