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Spain to increase rail spending by 21% in 2014

Rail will remain Spain's top transport priority in 2014 according to the Ministry of Public Works and Transport's draft budget published last week, accounting for 51% of the total planned investment of €8.98bn. Rail spending will increase by 21% from €3.78bn this year to €4.58bn in 2014.

The bill, which requires parliamentary approval before the end of the year, will allow the government to invest €3.2bn in the high-speed rail network. There is more than 1200km of new lines still under construction in Spain.