subsidiary of the Franco-Belgian company, has won its third major
public sector contract in as many months, this time worth €15.6
million.
Dexia won the call for tender to finance a fleet of 41 new buses
for the Mulhouse Intracommunal Transport Syndicate (SITRAM), which
is comprised of several regional transport authorities in the
north-east of France.
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The 15-year leasing deal also gives SITRAM the option to
purchase the fleet from Dexia.
Olivier Durel-Barrère, the director of development for Dexia’s
leasing arm, said that lately Dexia has seen a surge of interest
from the public sector.
“Flexibility is vital when meeting the important demands of our
public sector customers,” he said. “This deal illustrates the
significant change in mentality by public sector managers, who are
increasingly seeing the benefits of leasing, particularly in the
public transport sector.”
Last year, in a similar deal, Dexia provided the nearby town of
Belfort with a fleet of public buses. In Mulhouse, Dexia is
supplying a fleet of 25 regular buses and 16 bendy-buses. The
multi-million euro investment by SITRAM aims to upgrade Mulhouse’s
public bus network.
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By GlobalData“We were selected to provide this new fleet because we already
enjoyed a close relationship with SITRAM through previous finance
deals, and because our tender closely met their needs. Therefore
the time between our tender and the delivery of the fleet was very
short,” Olivier Jaffeux, Dexia’s project manager, added.
In 2004, SITRAM selected Société Générale to provide finance for
Mulhouse’s new tramway system. This latest call for tender was
published in May and Dexia was selected out of three proposals in
July. After the €15.6 million contract was signed, Dexia supplied
the 42-bus fleet at the end of August.
Dexia enjoys a 42 percent market share of the public sector in
France. Last month, Dexia announced that it had won a 35-year
contract worth €149 million to provide rolling stock to the Conseil
Régional Provence-Alpes-Côte d’Azur.
Jason T Hesse
