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.

Click here to read the full story.


Previous post:

Next post: