Eurofima, the European company for financing railway rolling stock, is providing a new EUR 500 million loan to Ferrovie dello Stato Italiane (FS), Italy’s state-owned railway group. The funds will be used for investments in electric trains for regional services operated by Trenitalia.
The transaction has a term of 20 years and was structured as a private placement of bonds maturing in 2046. According to FS, the long-term structure contributes to a more balanced distribution of debt over time and a more stable maturity profile.
Alstom Pop and Hitachi Rock trains
The financing covers rolling stock for regional passenger transport in Italy. This includes 31 Alstom Pop electric trains, in a four-car configuration, and 31 Hitachi Rail Rock double-decker electric trains, in four-, five-, and six-car configurations.
Both platforms are part of the FS Group’s investment program to modernize its regional fleet. The trains are designed to increase passenger comfort, improve onboard information systems, and enhance accessibility for people with reduced mobility.
Investments aligned with the European taxonomy
FS states that the proceeds from this transaction will be directed toward investments in electric trains used in Trenitalia’s public service.
The investments are aligned with the criteria of the European taxonomy, the system through which the European Union classifies economic activities considered sustainable. According to the Italian group, these investments are expected to contribute to environmental and social sustainability by improving public transport services and supporting the modal shift toward rail.
Eurofima notes that the transaction reaffirms its public role in Italy by supporting regional connectivity and its commitment to promoting more sustainable modes of transport.
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