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Sun April 11 2021

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Spain’s rail operator gets €600m loan for upgrades

9 Oct 15 The European Investment Bank has granted a €600m (£441m) loan to Spain’s state rail operator Renfe to finance investment in the modernisation of stations, installation of wifi and purchase of rolling stock.

The loan contract was signed in Madrid by EIB vice-president Román Escolano and Renfe’s CEO, Pablo Vázquez, in the presence of the minister of public works, Ana Pastor.

The EIB funds will be used to improve stations and existing facilities on the Spanish rail network and purchase new trains to be employed mainly on high-speed lines.

The investments form part of Renfe’s strategic plans to increase accessibility in stations, enhance safety, improve passenger information in buildings and on platforms and provide dedicated staff to help people with reduced mobility.

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