High-speed train has derailed in Spain killed 77(CCTV Footage)

A high-speed train has derailed outside Santiago de Compostela in northern Spain, leaving at least 77 people dead and 130 injured, reports AFP. Spanish authorities have warned the death toll may rise.

The train, which reportedly had 240 people on board, was en route between Madrid and Ferrol. According to media reports, 13 cars derailed – at least four of which caught fire.

Reuters is reporting 130 people injured.

There were rumors of a terrorist attack, but the Ministry of the Interior has now ruled out the possibility. Spanish Prime Minister Mariano Rajoy is due to visit the scene of the accident, a government spokeswoman told Reuters.

"In the face of a tragedy such as just happened in Santiago de Compostela on the eve of its big day, I can only express my deepest sympathy as a Spaniard and a Galician," Rajoy said in a statement.

Sergio, a witness, told La Voz de Galicia that "I did not suspect an attack of any sort. When the train took the curve, I had the sensation that it was traveling too fast, and then it derailed."

It has subsequently been ruled that the train was traveling at twice the speed limit. Alvia trains can reach a speed of 250 kilometers per hour while traveling on high speed rails, though they typically travel at 220 kilometers per hour over normal lines.

Renfe, the company which operates the train, has confirmed that the incident is the most serious train crash to happen in Spain in over 40 years. Furthermore, it is the first time a high-speed train has derailed in the country.

There were reports of bodies scattered around the scene covered in blankets, as emergency services perform their work.

"Neighbors in the area tell Spanish and European media they heard 'an explosion' at the time of derailment", said Actualidad.

"The wounded are being transferred to nearby hospitals in Galicia from the Clinical Hospital in Santiago as it has exceeded capacity", according to the Cadena SER radio station.

La Voz de Galicia was relaying accounts from the train's passengers, which claim that one of the cars went up into the air and literally flew over the wall that runs along the train tracks, landing on a road.

According to RTVE, celebrations for the region's most important holiday, the dia de Santiago - which is on Thursday - have been cancelled.

Below is Spanish media's video of the immediate aftermath.