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Leasing Company Akiem Signs Framework Agreement for 52 TRAXX Locomotives with Bombardier

The FINANCIAL by The FINANCIAL
June 23, 2016
in Business
Reading Time: 2 mins read
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Leasing Company Akiem Signs Framework Agreement for 52 TRAXX Locomotives with Bombardier
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The FINANCIAL — Rolling stock leasing company Akiem Bombardier Transportation have signed a framework agreement for 52 BOMBARDIER TRAXX AC and MS locomotives with options for additional call offs.

The agreement is conditional upon financial closing related to Akiem Holding. The first batch subject to the fulfillment of the condition of 26 locomotives ordered from this framework agreement is valued at a list price of approximately 95 million euro ($107 million USD). Deliveries of the first units are scheduled to take place in 2017, according to Bombardier.

With a large selection of TRAXX AC3, and MS locomotives, this partnership allows for various technical options, such as the Last Mile and remote control feature for TRAXX AC locomotives.

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The TRAXX locomotives supplied will be configured for use in 13 countries and will be fully compliant to the latest European standards including ETCS (European Train Control System) Baseline 3, when required. This will give Akiem the opportunity to extend the operational range of its locomotives and offer its customers a high degree of flexibility.

In addition to the above mentioned framework agreement, Akiem exercised an option for the delivery of five TRAXX DC* locomotives, related to a previous contract.

“This significant investment with Bombardier will extend Akiem’s fleet up to 100 TRAXX locomotives by 2018. We are accelerating our positioning on German and Austrian national markets as well as major European corridors towards Sweden, Benelux, Switzerland, Italy, Poland and Central Europe” said Fabien Rochefort, CEO of Akiem: “Through this successful partnership with Bombardier, Akiem keeps developing services combining performance, proximity and security to meet our clients’ requirements.”

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Michael Fohrer, President, Locomotives, Light Rail Vehicles and Services, Bombardier Transportation, added, “We have been working with Akiem since 2011 and we are extremely happy to continue our long term partnership under this frame contract. This agreement enables Bombardier to consolidate the TRAXX locomotive’s presence in some of the most promising rail corridors.”

The locomotives are powered by BOMBARDIER MITRAC traction converters offering unmatched reliability. The sophisticated MITRAC control system offers safe and energy efficient traction power for sustainable mobility. MITRAC equipment drives more than 3,000 locomotives globally.

 

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