• Renfe and Talgo have reached a key agreement on the S106 project under which 15 of the 30 very high-speed trains will be modified, making the entire fleet equipped with variable-gauge technology.
• The reconfiguration of the trains will increase by 29% the maintenance fee paid to Tarvia, the JV by Talgo and Renfe specializing in the development and execution of maintenance services.
• The agreement also establishes a schedule for Talgo’s payment of penalties related to the S106 project, as well as the conditions for train acceptance, enabling the release of contract payments and guarantees.
Rivabellosa, July 2, 2026. Talgo and Renfe today closed an agreement regarding the S106 project that resolves the differences between the two companies, which had persisted over recent years.
With this agreement, Talgo takes another step forward in the new phase that began on December 17, strengthening the company’s stability, industrial capacity and financial position.
The agreement addresses the penalties associated with delays in the delivery of the Avril S106 trains, the train acceptance process, the updating of payments, the final reconfiguration of the trains including the bogies and Talgo wheelset (‘rodals’) upgrade, and the Tarvia maintenance contract. Tarvia is the joint company formed by Renfe and Talgo and specializes in the development and execution of maintenance services. (....)