EIB loan supports Talgo high speed train development
SPAIN: The European Investment Bank is providing Talgo with a €50m loan to support its high speed train research and development.
The loan agreement was signed in Madrid on December 19. Talgo intends to use the money to support the development of its Avril high speed train platform, strengthen its R&D capacity and increase geographic diversification.
EIB said the loan reflects the bank's commitment to innovation in an industry with a lot of potential, and also supports the EU's objectives of promoting sustainable transport and the development of technical capabilities to enhance the competitiveness of the European economy.
- The unconventional thinking behind Talgo's Avril high speed train was described in detail in the November 2012 issue of Railway Gazette International.