Spain's SICAN and Adif Invest €62 Million in Joint Multimodal Terminal
2026-06-18 17:49
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en.Wedoany.com Reported - The multimodal terminal project at Llano de La Pasiega in Piélagos, Cantabria, has officially advanced, with the Council of Ministers approving an agreement between the regional government, Adif, and the Cantabrian Industrial Land Association (SICAN), proposed by the Ministry of Transport and Sustainable Mobility. This agreement defines the cooperation and financing arrangements among the parties in the project design, determines the execution method for construction works, and lays the foundation for the subsequent operation of the facility.

The construction of this terminal is a long-standing demand of the Cantabrian government, aimed at providing greater cargo capacity for the Port of Santander and enabling connectivity between rail, maritime, and road transport. In 2024, the regional government reached a financing agreement.

Covering an area of 140,343 square meters, the facility runs parallel and adjacent to the Palencia-Santander railway line, with direct access to the Spanish National Railway Network (RFIG) managed by Adif. This project is part of a larger multimodal logistics platform planned to span 200 hectares, equipped with port, rail, and road connections.

The advancement of these works falls under the Ministry of Transport and Sustainable Mobility's "Freight 30" initiative, which aims to strengthen rail freight transport as the backbone of the multimodal logistics chain and increase its market share to 10%.

The total investment for the project design and construction works of the future multimodal terminal is approximately €62 million, shared equally between Adif and SICAN. Under the agreement, SICAN will be responsible for tendering the project design and construction works, coordinating with Adif. Upon project completion, both entities will become co-owners of the multimodal rail terminal in equal proportions.

SICAN will be responsible for the terminal's operation, either directly or through a third-party entity. After signing the contract, Adif will lease its entire 50% ownership to SICAN. This action contributes to achieving Sustainable Development Goals (SDGs) 8 (promote sustained, inclusive, and sustainable economic growth) and 9 (develop reliable, sustainable, resilient, and high-quality infrastructure).

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