This week’s news from the global railway supply chain.
Alstom has delivered the 200th Traxx Universal locomotive produced at its Vado Ligure site in Italy. The locomotive has been handed over to FS Group freight operator Mercitalia Rail.
The government of Uzbekistan is planning to privatise rolling stock manufacturer Toshkent Car Repair Plant. In April 2025 a 90% stake was transferred from national railway UTY to the Agency for State Assets Management. This stake was later placed under a trust managed by the Transport Engineering Centre. The trust agreement has now been extended for a year, with privatisation to follow.
Spanish national operator RENFE has signed a €250m loan agreement with the European Investment Bank to finance the purchase of 101 EMUs for Catalunya commuter services. The loan represents the first tranche of a €500m financing package approved by EIB, and covers 72 Alstom Coradia Stream six-car Series 452 units and 29 CAF four-car Series 480 trainsets. Both types will offer greater capacity, improved accessibility and advanced safety systems compared with the trains they will replace. RENFE will complete the investment from its own resources and state contributions.
Business travel and expense management platform Navan has renewed its contract to use Trainline Partner Solutions‘ Global API to provide pan-European rail content. The partnership renewal also includes the relationship with Navan’s corporate travel and event management business Reed & Mackay. ’This partnership helps travellers across Navan and Reed & Mackay with access to unrivalled inventory, getting them where they need to be for those all-important in-person connections’, said Stephanie Weaver, Senior Director for Rail Partnerships at Navan.
On November 18 Eurofima launched a three-year US$600m bond. Pricing was set at Secured Overnight Financing Rate MS +36bps, equivalent to +12.2bps versus US Treasuries. Bank of America, Citi, Daiwa Securities, Nomura and RBC Capital Markets acted as Joint Lead Managers. Eurofima said the high-quality orderbook drew interest from over 60 investors, closing at a record US$1·8bn and 3x covered. Proceeds will be used to strengthen Eurofima’s internal liquidity and support its strong credit ratings.
Chief Sales Officer Christian Theis left wagon leasing company Wascosa by mutual agreement in December, with Head of Sales Management Remo Kupper assuming interim responsibility for commercial leadership.
James Grinnell has joined consultancy Steer as Chief People & Talent Officer. He was previously Group People Director at construction and asset management consultancy Currie & Brown.