Spain has committed to investing EUR 5.2B on its rail network in 2015 – more than half of the country’s transport budget. The Spanish government has said that 54 per cent of the budget will be spent operating, maintaining and enhancing the country railways, with the majority of that, €3.6 billion, to go towards furthering Spain’s high-speed rail network.
Rail investment will increase by 13.7 per cent in 2015 overall.
Investment in the Mediterranean Corridor will rise by 35 per cent to EUR1.4B. Projects will focus on the Barcelona-French border link, and the Murcia-Almeria, Barcelona-Tarragona-Castellon and Valencia-Alicante-Murcia HSR corridors.
In 2015, the Spanish government will provide EUR 461M for upgrades to the conventional network, including work on the Palencia-Santander line and Almoraima-Algeciras corridor.
Source: www.globalrailnews.com
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