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Canada's Magazine for Financing & Leasing Executives
 
 

June 25 , 2014

Bombardier, Railpool sign $340MM European rail deal

Europe -- Bombardier Transportation and leasing company Railpool have signed a framework agreement for the delivery of 65 BOMBARDIER TRAXX locomotives, with a first call-off of 35 locomotives and an option of up to 30 additional locomotives. The total potential contract value is up to 250 million euro ($340 million). The value of the call-off based on the list price is approximately 135 million euro ($184 million).

This contract extends the operating range of the TRAXX locomotives: The MS1 locomotive will operate on the new East-West corridor linking Poland with the Netherlands. The AC2 locomotive will operate not only in Germany, Switzerland and Austria but also in Hungary and Romania and will be newly equipped with ETCS (European Train Control System) and Last Mile functionality. The last mile feature, an additional diesel-electric engine plus battery, enables AC locomotives to operate even in non-electrified areas such as terminals, stations or ports – changing locomotives for the non-electrified last mile is now a thing of the past.

“With this contract we continue our successful partnership with Bombardier and are able to offer our customers the proven TRAXX locomotives concept. Furthermore, we are developing with Bombardier new corridors and are upgrading our existing fleet with new safety systems, to follow our customers’ demands as a reliable partner for the future”, says Torsten Lehnert, CEO at Railpool.

Railpool is a rolling stock lessor in Europe and operates its fleet of locomotives and train sets across the continent offering a full-service-concept to its customers. Railpool is owned by funds managed by Oaktree Capital Management.

 

 

 

 



 


 

 

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