Release date: 17 February 2011
Promoter – Financial Intermediary
Mitsui Rail Capital Europe B.V.
Location
- Germany
- Austria
- Belgium
- The Netherlands
- Slovenia
- Czechia
- France
- Hungary
- Italy
- Poland
- Romania
- Slovakia
Description
The project consists in the acquisition of around 80 new locomotives for leasing to European rail freight service operators (Railway Undertakings for freight in EU terminology) and possibly to a limited extent for passenger transport.
Objectives
The locomotives are destined to replace existing locomotives or provide additional capacity for the expanding rail freight market. The project will support rail freight competitiveness on a wider European level and contribute to the transfer of traffic from road to rail.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 285 million
Environmental aspects
The project does not fall under either Annex I or Annex II of the Environmental Impact Assessment Directive 85/337/EC, as amended, as manufacturing and use of rail rolling stock is not included in either list.
Procurement
The Promoter is a private entity and is therefore not subject to provisions of Directive 2004/17/EC. Promoter’s Procurement arrangements are however acceptable to the Bank.
Status
Signed - 31/03/2011