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Technical Advice to Banks for Barcelona Metro Line 9
Technical Advice to Banks for Barcelona Metro Line 9
The traffic of the Ciudad Condal will be speeded up thanks to its new metro line

Tender divided into 4 sections

3 concession companies

52 stations

47.8 km in length

Total investment close to 6 billion euros



  • Technical Advice to Banks for Barcelona Metro Line 9
  • Technical Advice to Banks for Barcelona Metro Line 9
  • Technical Advice to Banks for Barcelona Metro Line 9
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The stations on Line 9 of Barcelona’s underground were built under the formula of the public-private concession. They were divided into four sections for this tender, with three finally adjudicated to different operating companies. Ineco was the technical advisor to the banks of the concession of each of the three sections awarded.

This metro line is the longest suburban automatic train operation line in Europe and it is the first non-radial line of the metropolitan railway of Barcelona. It has a total length of 47.8 kilometres, mostly with circulation of trains at two levels. The line will boast a total of 52 stations, some of which will be located 60 metres below ground. These stations will serve as connection points with the rest of the underground lines, regional railways (FGC and Renfe) and the tram. The line will travel around the centre of Barcelona, thus notably enhancing the efficiency of the current metropolitan transport network.


Data Sheet
Location: Spain
Client: Financial banks (La Caixa, Bankia, BBVA, Santander, Banco Sabadell, ICO, BEI, Natixis, WestLB), and the 3 concession groups in charge of the construction and operating of Line 9 stations.
Execution period: 2009-2015
Market: Urban transport

Ineco’s advice

In 2008 the Catalan rail administration began a concession process for the construction and operation of the stations. Since March of 2009, Ineco has offered independent technical consultancy to the group of entities that participated in concession financing for stations Ineco’s work on L9 in sections I, II and IV using project finance. The company’s work was to provide a base to evaluate certain technical and financial aspects and risks. For this purpose, special attention was paid to the investments planned during the construction and operation phases. The company also carried out detailed monitoring of project advancement to ensure that this conforms to initial forecasts and expected viability, making regular visits to the works to inspect their progress. For these works, Ineco had a team comprising of experts in contract structuring, control of works and maintenance, budgetary control, financial and legal analysis, and the evaluation of investments.

Operations began in autumn 2009 in the Besòs region, with 11 section IV stations, and they were carried out in various phases until September 2011. On 12 February 2016 section I came into operation (except for two stations), and four stations of section II, which, for the first time, join the city of Barcelona with El Prat airport through the metro. The line connects municipalities such as El Prat de Llobregat, L´Hospitalet de Llobregat, Barcelona, Badalona and Santa Coloma de Gramanet.