RENFE FEVE ROLLING STOCK (EIB-20180375)

Countries
  • Spain
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
RENFE OPERADORA
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 115.78 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 100 million
Converted using 2018-06-20 exchange rate.
Loan Amount (USD)
$ 115.78 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 232.71 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 201 million
Converted using 2018-06-20 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jul 5, 2019

Disclosed by Bank Apr 1, 2019


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Project Description

According to EIB website, the project consists of the acquisition of 31 trainsets (26 electric and five hybrid) to replace ageing rolling stock in metric gauge rail network of Asturias, Cantabria and Vizcaya in Spain. Further, the project supports the shift of traffic to more sustainable transport modes and reduces related negative transport externalities The project is expected to generate operating and maintenance costs savings.

Investment Description
  • European Investment Bank (EIB)
Private Actors

Renfe Operadora is an entirely state-owned company

Contact Information

No contact information provided at the time of disclosure. 

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