The Hungarian government has agreed to provide an 80% state guarantee for the proposed loan.
GySEV is currently leasing three Vectron electric locomotives to replace the class 1116s it has handed back to Austrian Federal Railways (ÖBB), but is trying to revive a plan to purchase its own traction.
GySEV also uses diesel locomotives leased from DB Cargo Romania and MÁV-Start between Szombathely and Nagykanizsa on its north-south corridor connecting Slovakia and Croatia. However, with electrification works on this section already underway and the second phase scheduled for completion in 2020, GySEV's requirement for electric traction is set to increase.
An invitation to tender for the locomotive contract is due to be published soon.
