Dublin-based NS Financial Services, the wholly-owned subsidiary
of state-owned Netherlands railway company NS Groep NV, expects to
buy most of its rolling stock in the near future without needing to
tap the bank markets.
The captive leasing arm will instead fund train-set
deliveries through group cash resources, taking residual-value
risk, and signing cross-border operating leases with operator NS
Reizigers and private rail companies in the Netherlands, including
Arriva, Connexxion, Railion and Veolia Transport Limburg, said Hans
de Jong, manager of marketing and sales at NS Financial
Services.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
NS Financial Services is currently preparing the leases for the
first of 64 additional train-sets ordered from Bombardier and
Siemens for NS Reizigers earlier this year, bringing the total
number of train-sets ordered to 99.The first train-sets are
scheduled to be in service by the end of 2008.
The finance company is based in Dublin to take advantage of the
country’s favourable double-taxation treaty that effectively saves
it 15 per cent in NPV benefits over the lease term compared with
writing domestic leases, de Jong said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
