Plans to convert the broad-gauge Barcelona – Valencia main line to dual gauge will receive a major boost once the bill is passed, with €306m allocated for the installation of a third rail to allow standard-gauge trains to use the line.
The Spanish government also outlined spending plans for Adif and Renfe. Total losses for Adif are expected to reach €297m, almost equal to those forecast for 2013, while debt will continue to spiral up from €15bn to €16.7bn in 2014, just ahead of German Rail's debt for 2012.
Interest payments will reach €350m this year, despite selling-off property and letting concession contracts for 51 station car parks and its 16,000km long fibre-optic network.
Adif holds about 25% of Spain's fibre-optic network, and expects to receive between €343m and €450m by renting its data infrastructure to private telecommunications carriers under 10 to 20-year contracts.
Renfe, which will be split up soon into four subsidiaries under a state-run holding company, is expected to lose €202m in 2014, up 10% from the loss forecast for this year, although its debt will be reduced by 8% to €5.7bn.