Proxima Train Purchase Funded by Banking Consortium

Proxima Train Purchase was supported by a €500 million loan from a banking consortium led by HCOB. The funds will be used to acquire 12 high-speed Avelia Horizon trains from Alstom. This was reported by the railway transport news portal Railway Supply.

Consortium Finances Proxima Train Purchase

The Hamburg Commercial Bank (HCOB) leads a banking consortium that supports Proxima with a €500 million loan. The funding will help Proxima strengthen connections between Paris and France’s Atlantic coast cities.

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This initiative challenges SNCF by offering high-speed rail services with a focus on comfort and efficiency. The trains, produced by Alstom, will enhance competition in the French transportation sector.

Legal and Operational Support for Proxima Train Purchase

The contract, signed with Alstom in October 2024, is valued at €850 million. It includes delivering the 12 trains by 2028 and providing technical maintenance for 15 years.

In December 2024, Proxima partnered with the British legal firm Clifford Chance to facilitate the project. This collaboration ensures seamless implementation and compliance with all legal requirements.

Proxima expects to offer 10 million seats annually, revolutionizing rail travel between Paris and western France. This development underscores their commitment to expanding accessible and efficient rail services.

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