leasing deal in France
A contract to lease rolling stock to a French public body, worth
€150m before VAT, has been won by Dexia-Crédit Local.
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The Conseil Régional Provence-Alpes-Côtes d’Azur in Marseille
awarded the rail leasing contract to Dexia-Crédit Local, which will
provide the rolling stock on a crédit-bail (finance leasing) basis,
with the contract to run for between 30 to 35 years.
A crédit-bail arrangement means the regional council of
Provence-Alpes-Côtes d’Azur has the option of eventually acquiring
title to the rolling stock.
Two other companies also bid for the contract, which was awarded
to the most financially advantageous offer.
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