The French investment group RIVE Private Investment, in collaboration with European banks KfW IPEX‑Bank, Crédit Agricole CIB, Société Générale, and Siemens Bank, has announced the creation of a fund amounting to 300 million euros to finance the acquisition of modern locomotives, this is reported by the railway transport news portal Railway Supply.

order for the supply of locomotives

The possibility of increasing the fund by 225 million euros is also being considered.

Support for Ukraine’s transportation industry

The main goal of the established fund will be to finance the purchase of locomotives by the leasing company Northrail.

It is expected that this company will manage the rolling stock that becomes part of RIVE’s assets.

The order includes 15 Vectron Dual Mode locomotives with combined drive from Siemens Mobility, as well as 20 multisystem electric locomotives Traxx MS3 from Alstom and 20 dual-system electric locomotives with traction batteries Modula EBB from Vossloh Rolling Stock, designed to operate in six European countries.

The delivery of locomotives is planned for the period from 2024 to 2026.

These vehicles are intended for lease to European operators, which may contribute to improving transportation infrastructure and increasing transport efficiency in the region.

Photo: Northrail.

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