• Arkas – EURODUAL Locomotives

    AIL advised Stadler on the structuring and arranging of a long-term export financing of five EURODUAL locomotives for the Turkish company Arkas Logistics.

    Arkas Logistics was founded in 1989 and is part of the Turkish Arkas Group, an international logistics company offering sea, land, rail and air transportation services.

    The six-axle Stadler EURODUAL locomotive has both an electric and a diesel-electric drive. It can therefore be used on both electrified and non-electrified railway lines, which is an optimal solution for Turkey.

    The financing of the 5 locomotives consists of a long-term export credit of EUR 39 million covered by the Swiss Export Risk Insurance SERV with the German KfW IPEX-Bank acting as lender. The SERV credit insurance enabled Arkas Logistics to obtain financing with a long tenor at an attractive interest margin, which was a key factor in the realization of the project.

    Key project data

    • Project type: Rolling stock
    • Financing: SERV-covered financing
    • Project volume: EUR 37 million
    • Financing volume: EUR 39 million (incl. financing cost)
    • AIL client: Stadler Rail, Switzerland
    • End customer: Arkas Logistics, Turkey
    • Abschluss Finanzierung: Sept. 2023
    • Scope of project: LDelivery of 5 EURODUAL locomotives

    Stadler EURODUAL-Locomotive

    Optimal solution for hybrid operation on electrified and non-electrified routes

    AIL Scope of work

    • Supporting Stadler in discussions with SERV and the financing bank in structuring and implementing the export finance solution
    • Managing the SERV application and approval process (incl processing SERV application documentation)
    • Supporting Stadler in meeting the loan disbursement requirements