catalan infrastructure

Study claims Spain failed to invest €8bn of budgeted total, which would have created 111,500 jobs

According to the Catalan Government, the High-Speed Train service linking the Catalan capital with the French border has been delayed one more year, this time until the end of 2013. The reason is that work on two sections of the railway, managed by the Spanish Government, is still pending to be allocated. They are the Barcelona exit and the section through Girona; both total €33 million according to the Catalan Government. The rest is already built and the service between the northern city of Figueres and the French city of Perpignan is already in operation. However, this strategic railway is not fully completed between Figueres and Barcelona due to a long list of delays.

The Minister of Public Works, José Blanco, announces his desires for the first stage of the project, linking Valencia and Barcelona, to develop in September. The train that will connect the main Mediterranean cities with Europe by rail is a "priority", says Blanco.

Construction companies have agreed to receive loans for some 3,000 million euros to develop what the Catalan Government considers “strategic” infrastructures. The Catalan Minister for Public Works, Joaquim Nadal, announced this agreement this morning and listed some of these works.

With a 15.5% stake in the Catalan infrastructure group Abertis, the private equity group CVC will become the company?s second largest shareholder