Overview

• The Spanish government and the Generalitat de Catalunya reached a June 19 agreement to establish Rodalies de Catalunya, a mixed company to oversee Catalan commuter rail.
• Initial shareholding splits 50.1% to Renfe and 49.9% to the Generalitat while the Catalan government will chair the nine-member board.
• A provision enables the Generalitat to request additional shares from Renfe subject to approval by the company and workers’ representatives.
• Renfe’s board is set to convene June 25 to formalize the venture before approvals from the Council of Ministers and the Catalan executive.
• The new operator is scheduled to begin service on January 1, 2026, with a mandate to address longstanding delays and improve network governance.