EIB and Compania Auxiliar de Ferrocarriles (CAF) sign €80 million loan to invest in innovation and sustainability in the mobility sector
Luxembourg, Sept. 12 -- The European Investment Bank (EIB) and Compania Auxiliar de Ferrocarriles (CAF) have signed an €80 million loan agreement to finance the company's research, development and innovation (RD&I) programme. CAF develops comprehensive urban mobility solutions using trains and buses. Its RD&I programme focuses on applications for advanced technologies to mobility, to upgrade the sector and make it more sustainable.This EIB financing will enable CAF to invest in digitalisation, autonomous mobility solutions and energy efficiency of trains and buses. The project will help accelerate the transformation of a sector key to economic growth and reducing emissions.The RD&I investments will be made in CAF's centres in Spain an...
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