ADIF BARCELONA SANTS STATION MODERNISATION (EIB-20240944)

Countries
  • Spain
Geographic location where the impacts of the investment may be experienced.
Specific Location
Barcelona
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 24, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
ADIF ALTA VELOCIDAD
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 135.18 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 115
Converted using 2025-07-24 exchange rate.
Project Cost (USD)
$ 276.24 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 235
Converted using 2025-07-24 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 26, 2025

Disclosed by Bank May 26, 2025


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project will finance the modernisation and upgrade of the multi-modal railway station at Barcelona Sants, serving both high-speed and conventional services (regional and suburban lines). Sants serves as the primary rail terminal in the city, handling over 40 million passengers annually.

The aim is to improve the space available for rail passengers and optimise the mobility flows. Additionally, the project will expand the building passenger area of the terminal by 30% in order to better serve the growing passenger rail traffic and avoid overcrowding, queuing and loss of comfort. This will allow to better organise departure/arrival flows and improve the intermodally with other public transport modes as well as soft modes through new street-level access points.

The project will not include any works on the rail systems that are located on the underground level. The inclusion of other small schemes for safety and accessibility across the network of suburban rail stations in the metropolitan area of Barcelona is under consideration.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the Environmental and Social Data Sheet, the Project is located in the city of Barcelona and is surrounded by densely urbanised areas. There are no Natura 2000 or other protected sites in the vicinity of the Project.

The main impacts during the construction phase are noise and vibrations, generation of construction waste, disturbance to traffic and mobility in the Project area as well as noise and nuisance to the passengers and employees of the station itself.

The Project does not require any land acquisition or resettlement.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

A €115 million loan.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The biggest infrastructure investor in Spain, Adif Alta Velocidad is at the forefront of the transition to a new mobility model that is smarter, safer, more sustainable, more comprehensive and more multimodal. The company is creating a rail network to complete high-speed routes and trans-European transport corridors. The liberalisation of rail passenger transport, the digital transformation and large-scale cultural change are among the challenges facing the company as it aims to consolidate rail as the main mode of transport for the 21st century. Adif AV is an entity under the Spanish Ministry of Transport and Sustainable Mobility.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Adif Alta Velocidad Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Contact: Maite Cordero
Email: m.corderomunoz@eib.org
Phone: +34 606 66 82 62

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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How it works