German specialised lender to provide public finance loan to Spain's
national railway infrastructure company.
German specialised lender pbb Deutsche Pfandbriefbank and Spanish railway infrastructure company, ADIF, have agreed a 200 million public finance loan.
The facility will be used to finance investments in the development of Spain's
high-speed railway network. State owned ADIF manages the national railway infrastructure and is responsible for the development of the high-speed network.
The deal was signed on December 9, 2009. pbb Deutsche Pfandbriefbank CEO Axel Wieandt, said: "Our strategic focus for public sector finance is on primary client business. We have a number of high quality public sector clients such as ADIF and
are pleased to provide for their longterm financing needs. We are delighted to be able to further develop our relationship with the Spanish Ministry of Public Works."
Antonio González Marín, Chairman of ADIF, added: "This facility will support our investment plan. Together with the European Investment Bank (EIB), it is intended that pbb Deutsche Pfandbriefbank will be a major financial provider for ADIF".
Source: pbb Deutsche Pfandbriefbank