German rail and road operator Netinera Deutschland has purchased 11 new trains for regional transport with €73m in funds from UniCredit Leasing.
Netinera Deutschland, a subsidiary company of the Italian State Railways, hopes that the acquisition would strengthen their fleet, which is currently the second largest private operator in the German market.
The agreement is split into two leasing contracts lasting 11 and 10 years respectively, for three GWT diesel-powered trains and eight double-decker trains powered by electricity, all produced by Swiss rail manufacturer Stadler.
The €73.2m loan covers the entire purchase cost for the eleven trains and has allowed Netinera Deutschland to already put the first three new trains into operation, to be used within the Berlin metropolitan area. The remaining eight will enter into service in 2013, on regional routes pivotal to the capital.
The deal involved both the Italian and German leasing divisions of the UniCredit Group which both have significant experience in rolling stock finance.
Purchased in December 2010 by the Italian State Railways as part of a wider plan to expand its activities internationally, Netinera Deutschland hopes to become the primary operator for urban regions in Germany.