Ferrovie dello Stato Italiane and the European Investment Bank (EIB) have signed an agreement worth 300 million euros for the purchase of new regional trains.
The EIB – for the first time in Europe – will finance a project by purchasing a corporate bond. The EIB subscribes a 300 million euro bond under the FS EMTN Programme, a floating rate note with a 10 year maturity. The proceeds will fund the acquisition of new regional rolling stock in Lazio, Tuscany, Veneto, Piedmont and Liguria: 49 single-deck and 250 double-deck coaches.
This project meets the initiatives considered by the European Fund for Strategic Investments (EFSI) which is one of the pillars of the Investment Plan for Europe (sc. Juncker Plan) that aims to revive investment in strategic projects around Europe in order to ensure support to the real economy.
“This new financing, entirely reserved for commuter trains, shows concretely that the focus for regional transportation is at the top of our priorities”, said Renato Mazzoncini, CEO of FS. “The fact that FS has been chosen by the EIB for a type of financing never used so far by the bank, is proof of the strength and reliability that FS Group has on international markets”.
(Source: FS Italiane)