ETCS tender launched for Madrid - Galicia HSL | International Railway Journal

SPANISH infrastructure manager Adif last week approved the tendering of a contract to design, install and maintain signaling and telecommunications equipment on the Madrid-Galicia high-speed rail line, with a total value of €640.8m.

...The package replaces a €905m public-private partnership contract issued two years ago. Despite its initial intention to call for private investment to equip the line in order to ease the financial burden on the state, the Spanish government subsequently decided to contract the works directly due to lower interest rates in the bond market and a lack of interest from the private sector.