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Northrail, one of Europe’s rolling stock leasing companies, and Vossloh Rolling Stock signed an agreement for the supply of ten DE 18 locomotives which will be used in Sweden and Norway. In addition to the locomotives on firm order, the purchase agreement includes an option for a further of 10 identical locomotives.
The first four-axle DE 18 locomotives are to be delivered in the second half of 2025. They are equipped with the ETCS L2 STM ATC-2 signaling systems. With an engine output of 1,800 kW, they are suitable for heavy shunting and mainline service and have a low-emission Stage V engine with numerous additional functions such as the start-stop function, which contribute to significant fuel savings. In addition, the engines are already prepared and approved for the use of synthetic HVO fuel (Hydrogenated Vegetable Oils), a fuel that provides up to 50 % savings of greenhouse gases (GHG) emissions.
Northrail is responsible for the commercial and technical management of the locomotives.
The locomotives’ energy-efficient engines allow for improved operational and maintenance economics. Operators replacing their overaged shunting assets by these factory new DE 18 locomotives will be able to reduce by up to 40 % their GHG emissions.
“This acquisition represents another milestone in our internationalisation strategy and opens up new opportunities for us in the very attractive Scandinavian market. We are convinced that this is the ideal time to invest in this market and see a great need for modern, low-emission locomotives in Sweden and Norway. With the DE 18 locomotives, we can meet this demand and sustainably expand our service offering in both countries,” Michael Trentzsch, the Chief Investment Officer of Northrail AG said.
Northrail arranged and structured the investment together with its parent company, RIVE Tangible Assets Income Fund, managed by RIVE Private Investment.
Northrail will thus be the first supplier of DE 18 locomotives in the Swedish and Norwegian markets. Henrik Egeter, Managing Director of Vossloh Rolling Stock GmbH, is pleased about the joint commitment in this important focus market. “Northrail’s move underlines not only their confidence in our technology, but also the importance of sustainable and efficient solutions for the rail industry in Scandinavia. That is why we are equipping the DE 18 locomotive with a climate-focused performance package that impresses with its strong traction performance and reliable ease of use,” Henrik Egeter, Managing Director of Vossloh Rolling Stock GmbH said. |
