Juncker Plan: EUR 300 million loan to Italian state railways for regional trains

December 24, 2015

Hat: Juncker Plan: EUR 300 million loan to Italian state railways for regional trains

Funding Scheme: 2015-12-24

Pgm2014 2020: Yes

Amorce:

The European Investment Bank (EIB) and Italian state railway company Ferrovie dello Stato (FS) signed a EUR 300 million financing agreement, in the form of a bond subscription, to fund the acquisition of new rolling stock for use on regional lines. 

Text:

The bond will also carry the guarantee of the European Fund for Strategic Investments (EFSI), the centre piece of the so-called Juncker Plan to boost investment in Europe. This is the ninth operation under the Juncker Plan signed by the EIB Group in Italy since last spring.

This is a highly innovative operation in terms of both its financial structuring and the sector targeted (regional lines). Specifically, the EIB is subscribing a corporate bond issued by FS whose proceeds will be used to finance the acquisition of new trains (49 trainsets and 250 double-deck coaches) for regional services in Lazio, Tuscany, Veneto, Piedmont and Liguria. Passenger services operator Trenitalia’s total investment in the five regions is EUR 700 million.

Url description: EIB

Url: http://www.eib.org/infocentre/press/releases/all/2015/2015-318-bei-piano-juncker-300-milioni-a-ferrovie-per-i-treni-regionali.htm?lang=-en