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News » International » Spain secures €600m for high-speed railway » published 23 Oct 2017

Spain secures €600m for high-speed railway

The European Investment Bank has signed a €600m (£535m) loan to enable construction of a high-speed railway serving the Basque region of northern Spain.

Railway operator Adif Alta Velocidad will use the money to finance the ‘Y Vasca’ line, which will link the Basque cities of Vitoria, Bilbao and San Sebastián as well as improving connections between Madrid and the Basque Country, and Spain and France. The project is also part of the Trans-European Transport Network (TEN-T), more specifically the Atlantic Corridor connecting the Iberian Peninsula with Central Europe.

The new financing signed today will make it possible to build 160km of high-speed rail line between the three Basque cities, and to convert the 17km conventional line between San Sebastián and the French border for mixed use by both conventional and high-speed trains.

In addition, the project includes remodelling, adaptations and the provision of new access routes for high-speed rail at the Vitoria, Bilbao and San Sebastián train stations.

The path of the new high-speed connections is complex, with 80km of tunnels and 25km of viaducts. The new line has been designed for a speed of 250 km/h, cutting the travel time from Madrid to San Sebastián or Bilbao from the current five hours to around three and a half hours. When the Valladolid-Burgos-Vitoria section is completed, this will fall to two and a half hours.

Almost 40,000 person-years of temporary employment are expected to be generated during the implementation phase and, once operational, the new high-speed lines will need 400 people to be employed for operations and maintenance.

 

MPU

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This article was published on 23 Oct 2017 (last updated on 23 Oct 2017).

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