The European Investment Bank will finance the works of the Burgos-Vitoria high-speed railway with $1700 million
According to Adif and the EIB, this funding will provide a "new and important" boost to the rail connection between the Iberian Peninsula and the rest of Europe.
Construction of a high-speed railway.
The Board of Directors of the European Investment Bank (EIB) has approved a financing of EUR 1.7 billion to support the payment of thehigh-speed line Burgos and Gasteiz between Adif and Adif.
The EIB's support for Spain's high-speed lines so far exceeds EUR 14 billion. The aim is to boost the high-speed rail line linking the Iberian peninsula with the rest of Europe.
The high-speed line Burgos-Vitoria is already under construction between Pancorbo and Ameyugo, which will be about 93 km long at the end and which, together with the Basque Y, will continue the Madrid-Valladolid-Burgos line to Irun, from where it will connect with the standard width network of the Basque Country.
This project also includes the Olmedo baipasa, at which point the Madrid-Valladolid line will be connected to that of Galicia, so that it can be travelled throughout the northern part of the peninsula by high-speed trains.
This new line will be an important component of the Basic Atlantic Corridor Network of the European Transport Network (TEN-T), a key link between the Spanish and Portuguese rail networks with the French and, through it, with the rest of the European network.
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