BayernLB rocks the rails

BayernLB is lead manager of a syndicate providing EUR 389 million in financing for 56 electric multiple-unit trainsets to be used in Augsburg’s e-rail network

The public transport operator Go-Ahead GmbH intends to offer more space and enhanced comfort to rail passengers in the greater Augsburg area. A syndicate comprising BayernLB, Helaba and NORD/LB is financing 44 three-car Mireo multiple-unit trainsets and 12 five-car Desiro HC electric double-decker trains from Siemens Mobility.

Passenger service with the new trains, which are designed to meet increasing traffic demand in the region, will begin in December 2022: on the train routes Ulm – Augsburg – Munich, Würzburg – Ansbach – Treuchtlingen – Donauwörth – Augsburg and Aalen – Nördlingen – Donauwörth. In particular, the double-decker trains planned for routes to and from Munich will provide a substantial increase in seating capacity. The Mireo provides 216 seats and 18 bicycle spaces, and in the Desiro HC there are 538 seats and space for 45 bicycles. The two types of vehicle can be combined in operation, allowing flexible usage which fully leverages the strengths of both trains.

Bayerische Eisenbahngesellschaft, which is responsible for planning and funding regional and suburban train transport in Bavaria has awarded the contract to operate the Augsburg-area networks to Go-Ahead. As of December 2022 that will make it the fifth rail passenger transport network in Germany operated by the company with British roots. “Our goal is to provide high-quality operations that will attract additional passengers to rail transport,” commented Stefan Krispin, CEO of Go-Ahead Verkehrsgesellschaft Deutschland.

BayernLB acted as lead manager for the tailor-made structured leasing solution, which was set up in close cooperation with Deutsche Anlagen-Leasing (DAL).

Dr Christoph Fischer, Head of Global Structured & Trade Finance at BayernLB commented: “this is the second time in quick succession we have arranged financing for Go-Ahead. We are delighted that we have been able to use our expertise in rolling stock once again to help strengthen Bavaria’s rail system and make a contribution to sustainable mobility solutions in accordance with our goals.” In concert with Markus Strehle, Chairman of the Management at DAL Deutsche Anlagen-Leasing GmbH & Co. KG, Dr Fischer praised the excellent joint performance and the expertise brought to bear in the banking syndicate to implement the tailor-made structured financing.

© BayernLB