The agreement between Renfe Operadora and Central Texas reached in 2019 to develop the first high speed project in the US, that will link the cities of Houston and Dallas / Fort Worth, in the State of Texas. The contract will involve a turnover of 6,000 million dollars for the Spanish railway operator, the largest industrial contract of a Spanish company abroad, along with that of the AVE to Mecca.
The launch of a cheap AVE, together with digitalization and internationalization, is one of the pillars of the strategy which Renfe is developing to prepare for competition from operators such as France’s SNCF, which plans to introduce its low cost AVE ‘Ouigo’ in Spain.
Renfe could be working on opening an office in the US to pursue opportunities to enter the passenger train market. The initiative is part of the public operator´s internationalisation strategy, aimed at securing new sources of income in case of possible losses in the Spanish market when passenegr traffic is opened to competition in 2020.
Talgo has set up the company Motion Rail to break into the high-speed and long distance rail market when Spain’s rail transport sector is liberalised and opens up to competition in Europe. This is expected to happen end-2020.
Spanish engineering company Talgo declared yesterday that it was the “virtual winner” of an order from Renfe (the state-owned passenger and freight rail transport operator) after presenting the best technical and economic bid.
According to information from different sources, Renfe, Adif and Ineco have estimated losses of 1 billion euros as a result of important mistakes in the calculation of travellers made at the beginning of the project.
MADRID | By Carlos Díaz Guell | Analysts in Madrid expect that the investigation over the causes of the Santiago accident will have made public its conclusions before the Brazilian government awards the project.
The Spanish government estimates it may take in up to €30 billion through an “ambitious” privatisation plan which will be passed before summer, reported news agency Europa Press on Monday. This new government plan, which completes the reforms that have already been approved as well as other further measures (the single market, or the entrepreneurship law) will affect all the ministries and enable private initiatives to enter in a large number…