Monday, October 17, 2016

NIB loan for Swedish double-deck EMU order

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THE Nordic Investment Bank (NIB) has agreed to provide Swedish rolling stock leasing company Transitio with an SKr 695m ($US 78.8m) loan to partially finance the procurement of a fleet of double-deck EMUs for use on Mälartåg regional services around Stockholm.

Transitio has ordered 33 Stadler Kiss trains on behalf of Mälab, a joint venture of local transport authorities in the counties of Örebro, Stockholm, Sörmland and Västmanland, in a deal worth SKr 3.5bn.

The trains are due to enter service from December 2019.