posted on 24th Oct 2022 10:08
Northrail initiates and structures a sale and leaseback transaction for 29 Coradia Stream High Capacity double-deck EMUs from Alstom. The lessor is a special purpose company of DIF Infrastructure Fund VI and the senior debt was exclusively arranged by MEAG. Northrail will also take over the lease and asset management until at least 2041 and will be the contact for the lessee DB Regio, the financiers and all other contractual partners.
"We are pleased to have successfully implemented in these difficult times a very innovative transaction together with our project partners DB Regio, DIF and MEAG," says Volker Simmering, Managing Partner of Northrail, and adds: "The state-of-the-art double-deck regional EMUs from Alstom are an excellent investment. The railway being on a growth path, needs such energy-efficient high-capacity trains to cope with the strong increase in passenger volumes in the future."
The fleet is composed of 4-, 5- and 6-car units with a capacity of between 420 and 660 seats. DB Regio will operate it on the Kinzigtal network between Frankfurt am Main, Hanau, Fulda and Bebra from December 2025. The trains will be maintained at the DB Regio workshops in Kassel and Griesheim.