December 30, 2016

Financing agreed for German DMU order

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BAYERN LB and Crédit Agricole Corporate and Investment Bank (CIB) announced on December 14 that they will finance 28 trains that will be operated by Transdev subsidiary Bavaria Regional Rail (BRB) from December 2018 on the Munich/Augsburg - Füssen and Augsburg - Landsberg network.

Bayern LB and CIB are providing financing for a production contract worth more than €115m to Deutsche Anlagen-Leasing (DAL). The financing is for investment in 28 Alstom Coradia Lint DMUs ordered in March.

The diesel trains will be used on the partly electrified network, and fulfil the European stage IIIb emissions standards.

Bayern LB and CIB are also providing long-term financing for a leasing structure for BRB. The long-term financing is over two concession periods of 12 years each after BRB received the contract to operate the Munich/Augsburg - Füssen and Augsburg - Landsberg lines in November 2015.

 

 

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