Eurofima rolling stock financing extends to trams, metros

Eurofima rolling stock financing is becoming more accessible. The company is extending eligibility to additional rail vehicle types, including trams and metros.

The approved reforms, as outlined by EUROFIMA, allow the company to finance a broader range of rail vehicles. Also, they give more cities and regions access to affordable long-term funding. As a result, the revised strategy will enable the purchase of more trains, trams and metros in Europe.

Eurofima rolling stock financing reaches urban vehicles

“Eurofima’s updated strategy brings our mission closer to the areas where mobility needs are growing fastest – in urban areas, regional systems and cities working to modernise and decarbonise their rolling stock, not just trains, but now also trams and metros,” said Christoph Pasternak, CEO.

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Under the new framework, Eurofima is significantly expanding its scope of action. In addition, it can now finance mainline trains, trams and metros. It can also finance infrastructure service vehicles. Meanwhile, International Railway Journal reports the same broader scope. This long-term rail vehicle financing framework now reaches urban vehicles.

Longer terms and wider access for cities and regions

The new rules also allow more attractive financing terms. At the same time, repayment periods extend beyond 2056. This matches the long life of railway assets. In addition, Eurofima can interact directly with regions and sub-national entities. The revised statutes set out that change. Still, it may waive the requirement for guarantees in certain cases assessed on the basis of risk.

“Our financing facilitates investments by rolling stock owners in modern fleets at lower costs, in line with the lifespan of the assets, now even beyond 2056. This benefits citizens, the climate, and the European rail industry,” said Elena Bukina, CFO of Eurofima.

Financial instruments for low-emission rolling stock

The expansion of financial instruments includes forfaiting* and buyer credits guaranteed by export credit agencies. Separately, this opens up new opportunities for strengthening public rail transport systems in Europe. For example, it contributes to more efficient and sustainable mobility.

Rail transport is one of the most sustainable forms of mobility. Also, through this strategic change, Eurofima aims to accelerate the implementation of low-emission rolling stock. In addition, it aims to help reduce congestion and CO2 emissions in urban areas. Meanwhile, the same change is intended to improve comfort and accessibility for passengers. It is also intended to support European train and component manufacturers.

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