A PYMNTS Company

Spain: CNMC shortens ADIF agreements with operator as part of rail liberalization

By  |  July 1, 2019
The National Commission for Markets and Competition (CNMC) of Spain has proposed a reduction to the duration of contracts that ADIF would sign with companies looking to compete with state rail company RENFE, establishing a renewable term of 5 years, instead of the 10 years proposed originally by the management company.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to the CNMC, the limited deadline would facilitate the adaptation by RENFE to the liberalization of the sector, expected to take place from December 14, 2020.

    The CNMC stressed that the document presented by the ADIF regarding the 2019 Network clarifies the situation for future competitors of RENFE, by publicizing the available capacity, as well as the mechanisms and frameworks for awarding and hiring, giving certainty to companies that must invest in expensive inputs, such as trains. In addition, the CNMC recalled that companies may have the option to request the capacities they consider appropriate to their business plan, without being conditioned by the structure of the packages proposed by ADIF.
    Full Content: El País

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.