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Spain to disburse $2 billion in aid for transport companies

Christian Fernsby ▼ | July 8, 2020
Spain’s government will disburse 1.8 billion euros ($2 billion)in aid to support transport companies hit by the coronavirus pandemic, transport minister Jose Luis Abalos said on Tuesday.
Spain Renfe
Aid   Spain Renfe
State-owned rail operator Renfe will receive 1 billion euros of the funds via an increase in its debt capacity, while 673 million will be for private transport companies, Abalos said after the weekly cabinet meeting.

Topics: Spain

Land infrastructure operator Seipsa will receive a one-off loan of 110 million euros, he said.

“Transporters were key when the pandemic hit the hardest to keep the supply of basic goods. It is fair that we now fulfill our duty towards them,” Abalos said.

Air transportation companies have already received funds to help them pay for new safety measures imposed to curb the spread of the coronavirus.