Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Spain's government defends rail investment record after deadly crashes
    Finance
    Spain's government defends rail investment record after deadly crashes

    Published by Global Banking and Finance Review

    Posted on January 29, 2026

    2 min read

    Last updated: January 29, 2026

    Spain's government defends rail investment record after deadly crashes - Finance news and analysis from Global Banking & Finance Review
    Tags:Transportation SectorGovernment fundingfinancial crisisPublic Finance

    Quick Summary

    Spain's government defends its rail investment strategy following deadly crashes, citing increased spending and improved safety measures.

    Table of Contents

    • Spain's Rail Investment and Safety Measures
    • Recent Rail Crashes and Political Response
    • Investment Trends in Rail Infrastructure
    • Comparison with Other European Countries
    • Historical Spending Cuts and Their Impact

    Spain Defends Rail Investment Amid Safety Concerns Following Crashes

    Spain's Rail Investment and Safety Measures

    MADRID, Jan 29 (Reuters) - Spain's transport minister said on Thursday his government had ramped up spending in the railway network after years of underinvestment as he faced a grilling from senators over a series of recent train accidents, one of which killed dozens.

    Recent Rail Crashes and Political Response

    A January 18 high-speed rail crash in southern Spain killed 45 people while a derailment two days later in Catalonia killed a train driver, sparking political and public scrutiny of rail safety, maintenance and infrastructure spending.

    Investment Trends in Rail Infrastructure

    Oscar Puente, who was heckled by opposition lawmakers shouting "resign" when he walked up to the podium, said maintenance spending per kilometre had risen 66% since 2017 and was now at or above the European average.

    Comparison with Other European Countries

    France invests slightly more while Italy spends less, he said.

    Historical Spending Cuts and Their Impact

    European Commission data and industry experts have questioned whether maintenance investment has kept pace with Spain's expanding rail network and rising passenger numbers, a view Puente rejected.

    According to him, Spain had invested about 30 billion euros ($36 billion) less in rail infrastructure between 2010 and 2018 than it would have if pre-financial crisis spending levels had been maintained.

    The conservative People's Party held power from 2011 to 2018, implementing across-the-board spending cuts amid the EU's push for austerity while Spain faced a severe public debt crisis following a housing bubble bust.  

    Total annual rail investment has jumped to around 5 billion euros ($6 billion) in 2025 from roughly 1.7 billion euros in 2017, said Puente, of the ruling Socialist Party.

    ($1 = 0.8376 euros)

    (Reporting by Jesús Calero; Editing by David Latona)

    Key Takeaways

    • •Spain's transport minister defends increased rail spending.
    • •Recent train crashes in Spain raise safety concerns.
    • •Maintenance spending per kilometre has risen 66% since 2017.
    • •Spain's rail investment compared to France and Italy.
    • •Historical spending cuts impacted rail infrastructure.

    Frequently Asked Questions about Spain's government defends rail investment record after deadly crashes

    1What is rail investment?

    Rail investment refers to the allocation of financial resources towards the development, maintenance, and improvement of railway infrastructure and services.

    2What is infrastructure spending?

    Infrastructure spending involves investments in physical systems such as transportation, utilities, and communication networks to support economic activity.

    3What is a financial crisis?

    A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to widespread economic instability.

    4What are investment trends?

    Investment trends refer to the patterns and shifts in investment behaviors and preferences over time, often influenced by economic conditions and market dynamics.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostGermany aims to confiscate property seized in Lebanon ex-central bank chief probe
    Next Finance PostFive former traders win right to appeal UK rate-rigging convictions
    More from Finance

    Explore more articles in the Finance category

    EU has blacklisted Russia for risk of money laundering, Kallas says
    France's finance minister calls draft law on oil and gas exploration in overseas territories 'anachronistic'
    Russia sells Moscow's nationalised Domodedovo airport to Sheremetyevo subsidiary
    Exclusive-Airbus to start sales drive for larger A220 jet, sources say
    Analysis-Is chip giant ASML about to hit a ceiling, or break through it?
    Digital euro can help make euro zone self-sufficient in payments, ECB's Cipollone says
    EU to designate Iran's Revolutionary Guard as terrorist organisation, Kallas says
    AI development is biggest economic growth driver, Blackstone says
    Czech rates likely to stay on hold next week as debate over cut starts: Reuters Poll
    Germany aims to confiscate property seized in Lebanon ex-central bank chief probe
    Five former traders win right to appeal UK rate-rigging convictions
    Germany's EWE to sit out first power plant tender round, CEO says
    View All Finance Posts