EIB to loan SNCB €600m for double-deck fleet procurement

April 3, 2017

Written by Dan Templeton, International Railway Journal

THE European Investment Bank (EIB) has granted Belgian National Railways (SNCB) a €600m loan to invest in modernising its rolling stock fleet.

A further €400m loan was signed at the SNCB headquarters in Brussels following an initial €200m tranche allocated in December 2016. The order will cover part of SNCB’s €1.3bn order for 445 double-deck M7 coaches order that SNCB has placed with a Bombardier-Alstom consortium in 2015.

The order will allow SNCB to hit its target of adding 105,000 more seats to its fleet 2023, and 190,000 2030.

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