Talgo and the European Investment Bank (EIB) signed a €30 million financing agreement which will allow the Spanish company to invest in innovation projects, within the framework of the Investment Plan for Europe, commonly known as “Juncker Plan”.
The signing ceremony was attended by the President of Talgo, Carlos Palacio Oriol, and Emilio García, Innovation Director of Talgo, as well as other members from the executive board. Similarly, among the personalities of the European institution who attended the ceremony were Román Escolano, EIB Vice President; Birthe Bruhn-Léon, Head of Operations in Spain and Portugal; and Fernando Torija, Head of Division, Banks and Corporates Spain. They all had the opportunity to visit Talgo’s factory and its innovation headquarters located in Madrid.
Following the signing ceremony, Carlos Palacio Oriol said that “innovation is the axis on which Talgo’s history revolves. Our company has always been and still is recognized as a leading technology company for its ability to design and manufacture products that adapt and anticipate the needs of the industry. This agreement will help boost the company’s innovation and will allow Talgo to participate in the definition of the future of railway transport throughout the world. ”
EIB Vice President Román Escolano, said: “The agreements signed today show the important role that the Investment Plan for Europe is playing to boost productive investment in Spain. The EIB’s participation is crucial for ensuring that businesses from a very diverse range of sectors have access to competitive long-term financing for their investments.”
The agreement has the support of the European Fund for Strategic Investment (EFSI), the central pillar of the Investment Plan for Europe (commonly known as the Juncker Plan).