photo: Adif AV/Adif AV's Green Bond Surge: €500 Million to Fund Eco-Friendly Rail Projects
Adif Alta Velocidad (Adif AV), Spain's high-speed rail infrastructure manager, has issued a new €500 million green bond to finance or refinance projects that provide environmental or climate benefits.
The 10-year bond has received significant interest, with demand exceeding the offering by 4.6 times. A diverse investor base, including 70% international investors from countries such as France, Germany, Austria, and Switzerland, has shown a growing interest in socially responsible investments, accounting for 71% of the total.
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PKP Intercity plans to reinforce 85 trains with nearly 100 additional carriages and five ED74 electric multiple units for the upcoming May holidays. Running…
This seventh green bond issue makes Adif AV the third-largest issuer of green bonds in Spain and one of the leading references in Europe, with a total of €4 billion issued. Adif AV's green financing framework aligns with the International Capital Market Association's Green Bond Principles and has received the highest rating from the external evaluator Sustainable Fitch. The evaluator also confirms Adif AV's compliance with the European Taxonomy for climate change mitigation and sustainable objectives.
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In 2014, Thales, a global leader in innovative transportation solutions, received a contract from the San Francisco Municipal Transportation…
In 2022, Adif AV reported a four-fold increase in EBITDA to €231.8 million and a 44% increase in turnover to €563.5 million, driven by traffic growth from new lines and the liberalization process. The company's net result improved by 30% to -€296.8 million in 2022, compared to -€425.4 million in 2021. Adif AV's commitment to the environment and sustainability aligns with the United Nations Sustainable Development Goals, as it works to minimize environmental impact and contribute to a low-emission economy resilient to climate change.
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Alstom has secured a €1 billion contract to supply SNCF Voyageurs with 60 additional new-generation RER trains for lines RER D and RER E of the Île-de-France…
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