SPANISH operator Renfe has confirmed the approval of two loans from the European Investment Bank (EIB) totalling €225m for rolling stock.
A loan of €100m will partly fund the €260m cost of 13 class 107 high-speed trains. Built by Talgo, the 12-car gauge-changing trains will be used across the Spanish high-speed network.
A second loan of €100m will partly fund the total purchase cost of €212m for 24 new freight locomotives for Renfe’s freight subsidiary Renfe Mercancías, together with new wagons, ERTMS fitment in some existing locomotives and noise reduction measures for 2900 wagons.
The loan package follows a series of finance agreements between Renfe and EIB that have helped fund the acquisition of class 103, 106, 112 and 130 high-speed trains, as well as commuter trains.
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