Investors Target Spanish Rail

International investors bought into underground metro rail concessions in Barcelona and Malaga, Spain at year-end and became their single largest stakeholders.

U.K.-listed John Laing Infrastructure Fund (JLIF), in its first deal in Spain, acquired from Iridium Concesiones de Infraestructuras an effective 40% stake in Linea 9, Section II of the Barcelona metro. The 32-year concession has 27 years left of operation and includes the underground infrastructure with 15 passenger stations, connecting tunnels, and the supporting track bed. Once completed, Linea 9 will be the longest automated driverless train system in Europe, transporting more than 100 million passengers annually.


About Bill Reinhardt

Editor of Public Works Financing newsletter
This entry was posted in Take Back Infrastructure. Bookmark the permalink.