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23.12.2010 – 11:00

KfW IPEX-Bank

Railpool orders 42 locomotives from Bombardier and Siemens

Frankfurt am Main (ots)

   Response to the growing demand for rail vehicles from private rail
operators 

Contribution to the strengthening of transport infrastructure

Railpool is further expanding its fleet of locomotives. Yesterday the Munich-based rail rolling stock leasing company ordered a total of 42 locomotives from Bombardier and Siemens which will be delivered until mid-2013. 36 of these locomotives are the well established TRAXX models from Bombardier Transportation, whilst a further 6 locomotives will be supplied by Siemens Mobility. This is the first order for Siemens' newly developed Vectron generation.

Railpool intends to meet rising demand for leased locomotives with its latest investment. The company has been able to steadily expand its business over the past two years despite the economic crisis. Rail freight has grown much faster than expected during the economic recovery. In Germany alone, transport volumes in the rail freight transport sector had risen by 16.7% by the third quarter of 2010 compared with the previous year.

The joint venture between HSH Nordbank and KfW IPEX-Bank GmbH is now well established in the marketplace some two years since its formation in July 2008 and has grown to become one of the leading players. In addition to passenger transport vehicles, Railpool's portfolio currently includes now 100 modern electric locomotives.

"Thanks to the increasing privatisation of the European rail system, demand for rail vehicles from private rail operators is growing at a steady pace. Railpool is able to satisfy this demand. Railpool allows us to not only offer our European customers finance and leasing services, but also to provide a full-service package including maintenance and fleet management", explains Torsten Temp, Member of the Managing Board of HSH Nordbank and responsible for the market devisions Shipping, Transport and Energy.

"Strengthening the transport infrastructure is a core task for KfW IPEX-Bank. Our concept of covering the growing demand for leased locomotives by our own leasing company has been a great success. The new expansion in our locomotive fleet illustrates this resoundingly," says Christian K. Murach, Member of the Management Board of KfW IPEX-Bank, of the deal.

"This is the second locomotive order placed in just over two years by Railpool as a relatively young company. This means that we now have a locomotive pool of 100 units and can thus continue to satisfy market demand. In addition to the well established TRAXX locomotives with a number of innovations, the portfolio also includes Siemens' newly developed Vectron. This demonstrates that Railpool is also open to new developments," says Dr Walter Breinl, Railpool's CEO.

Enquiries:

Sandra Hülsmann, HSH Nordbank AG, Telefon: 040/3333-10763, Sandra.huelsmann@hsh-nordbank.com

Dr. Axel Breitbach, KfW IPEX-Bank, Telefon: 069/ 7431 2961, Axel.breitbach@kfw.de

About Railpool

Railpool GmbH was founded as a joint venture between HSH Nordbank and KfW IPEX-Bank GmbH in 2008 and leases rail vehicles, locomotives, multiple units and double-deck coaches with and without full service to private rail operators. Railpool is active in rail freight as well as passenger traffic all over Europe. With this order the number of locomotives is going to increase to 100 and the investment volume of Railpool is going to rise to approximately EUR 450 million.

About HSH Nordbank AG

HSH Nordbank is a dependable partner to the business community in Northern Germany. The group's total assets amount to around EUR 162 billion. The bank employs approximately 3,400 full-time staff offering a wide range of high-quality banking services to its corporate clients and wealthy private customers. On the international scene, the bank focuses on the key industries of the region: shipping, transport and energy. It has been involved in this market for decades as one of the world's leading providers of ship finance. In the transport sector HSH Nordbank works closely with the aviation industry and is also involved with project finance for transport infrastructures. In the energy sector the bank is one of the top finance providers for wind and solar energy projects in Europe

About KfW IPEX-Bank GmbH

Within KfW Bankengruppe, KfW IPEX-Bank is in charge of international project and export finance. It is responsible for providing financing to support the German and European economy, a task derived from the legal mandate assigned to the KfW banking group. Its prime focus is on medium and long-term lending to boost the export economy, develop economic and social infrastructure and support environmental and climate protection projects. KfW IPEX-Bank operates as a legally independent group subsidiary and plays a major role in fulfilling the promotional mission of KfW Bankengruppe. It has approx. 521 employees (as of 31 December 2009) and is represented in the key economic and financial centres around the globe.

Pressekontakt:

KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: presse.ipex@kfw.de
Tel. +49(0)69 7431-3300, Fax: +49(0)69 7431-9409,
E-Mail: info@kfw-ipex-bank.de, Internet: www.kfw-ipex-bank.de

Original content of: KfW IPEX-Bank, transmitted by news aktuell

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