Railpool secures KfW financing for new locomotives

Railpool has secured a EUR 100 million promotional loan from KfW IPEX-Bank for new locomotives. The Railpool new locomotives loan is being provided under the KfW 269 program. This is reported by the railway transport news portal Railway Supply.

The program is dedicated to investments in sustainable mobility. The locomotives purchased with the loan are intended mainly for use in Germany.

KfW IPEX-Bank financing under the KfW 269 program

As KfW IPEX-Bank notes, the EUR 100 million CAPEX facility will be integrated into Railpool’s existing financing platform. Under that framework, KfW IPEX-Bank will also continue to serve as facility agent. It already holds that role in the company’s current financing structure.

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According to the announcement, the loan is being provided via the KfW 269 program for sustainable mobility investments. KfW IPEX-Bank is the sole lender for the new facility. It is making the facility available to Railpool as intermediary bank for the KfW promotional loan.

“It is only natural for us to make the full range of available financing instruments available to our clients. That is why we are particularly pleased to be able to support our valued client, Railpool, through this KfW promotional loan,” said Aida Welker, a member of the management board at KfW IPEX-Bank.

Ingo Wurzer, CFO of Railpool, said: “We are very pleased to be strengthening our growth through this new collaboration and by expanding our long-standing partnership with KfW IPEX-Bank.”

Railpool new locomotives loan and sustainable mobility

Railpool said the locomotives financed through the loan are to be deployed primarily in the German market. Meanwhile, KfW IPEX-Bank added that the financing supports the shift of freight traffic from road to rail. It also contributes to the decarbonization of the transport sector.

The development also matters for the European rail leasing market. Demand for electric and hybrid locomotives remains strong. Also, leasing companies are playing a growing role in the renewal of traction fleets.

Railpool fleet and the German rail leasing market

Established in Munich in 2008, RAILPOOL is among Europe’s leading rolling stock lessors. The company is active in 19 countries across the continent. Its fleet includes more than 600 electric and hybrid locomotives and 148 passenger vehicles. Total investment has reached EUR 2.7 billion. Separately, company data show that Railpool’s fleet covers 85 million kilometers each year.

Railpool also operates six of its own workshops. It also works with a Europe-wide network of partner workshops. In addition, it maintains an internal stock of more than 4,500 types of spare parts and components.

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