Loan agreements signed for Trenitalia fleet renewal

Loan agreements for TrenitaliaEUR 800 million loan agreements for Trenitalia were recently signed by FS Italiane and three financial institutions for rolling stock renewal programme.

A EUR Euro 300 million loan agreement with a 3 years tenor was signed with UniCredit, which is earmarked to Trenitalia and RFI. Euro 200 million will be provided to Trenitalia for the financing of electric rolling stock aligned with the EU Taxonomy standards for the financing of sustainable activities.

The loan with UniCredit is part of the wider transaction, for overall EUR 600 million, specifically structured by FS for the purpose to seize the interesting opportunities created by the ECB’s measures for the economy and the banking system, designed to create support to the European industrial economy.

EUR 300 million loan agreement with a 2 years tenor was signed with Intesa Sanpaolo. The loan for Trenitalia is part of bank’s wider transaction of EUR 600 million.

With Eurofima, Ferrovie Dello Stato Italiane entered a EUR 200 million financing transaction with a maturity of 10 years. The bond proceeds will finance Trenitalia rolling stock for public service. The loan will be used to finance the investments into Bombardier Traxx E464 electric locomotives operated for regional passenger transport and Corifer Vivalto coaches for long-haul public service passenger transport.

With a maximum power of 3.5 MW and a top-speed of 160 km/h, the E464 locomotive has a high level of reliability, availability and serviceability over its entire life cycle.

In 2009, Trenitalia awarded Bombardier a EUR 258 million contract for 100 additional Traxx E464 electric locomotives with an option for further 50 vehicles. The EUR 128 million option was exercised in 2011, when the orders included 688 E464 locomotives.

Currently, Trenitalia operates 728 E464 locomotives from Bombardier.

Bombardier is collaborating with Trenitalia for the supply of Frecciarossa 1000, with the latest order envisaging the supply of 14 very high-speed trains under a EUR 575 million contract signed in 2019. The two companies have also signed this April an agreement for integrated logistics services for ETR500 Frecciarossa components and spare parts.

The loan agreements for Trenitalia will support modern and high comfort passenger services across Italy’s railway network.

 


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