\r\nIn a decree issued on December 13 the government mandates the creation of a new public corporation to be called Adif-Alta Velocidad (Adif-AV), which will manage the country's high-speed rail network and hold the debt incurred in its construction, which expected to reach \u20ac15.2bn in 2014. This will leave Adif to continue managing the conventional rail network with a total debt of \u20ac1.1bn.\r\nAs the Ministry of Public Works and Transport acknowledged, the objective is for Adif-AV to be designated a market producer under ESA 2010 rules, which stipulate that "to be a market producer, the public unit shall cover at least 50% of its costs through sales over a sustained multi-year period."\r\nThis means Adif-AV will remain in the corporate sector and its debt levels will not be included in Spain's national debt, which rose to 93.4% of GDP between July and September.\r\nIn order to fulfill the ESA 2010 requirements, it also looks likely Adif-AV will take over Adif's profitable 16,000km fibre-optic network, which will be let to private telecommunications carriers as 10 to 20-year concessions. These contracts are expected to generate income of between \u20ac343m and \u20ac450m.\r\nThe government recently confirmed its intention to partially open the high-speed rail market to competition in the first half of next year, a move which could allow Adif-AV to reap additional incomes from new operators using the infrastructure.\r\nThe decree has retroactive effects on the accounts of both companies and thus the Adif splitting will be considered to have occurred in January 1 2013. Revised budgets for both Adif-AV and Adif have therefore been issued, which forecast losses of \u20ac233m in 2013 and \u20ac210m in 2014 for the former, and \u20ac297m and \u20ac73m respectively for the latter.\r\nAdif-AV will spend \u20ac278m this year servicing its debts, rising to \u20ac361m in 2014, while the conventional network manager Adif faces interest payments of \u20ac29m this year and of \u20ac54m in 2014.