Sweden. AB Transitio
|Date of agreement:||09 Jun 2010|
|Amount in EUR:||EUR 124 million|
|NACE sector / loan type:||Transport via railways|
This loan contributes to climate change mitigation: 80%
This loan has a positive effect on maritime environments: 20%
The ten-year-maturity loan totalling EUR 124 million has been provided for purchasing 24 new trains by AB Transitio. Transitio does not operate any of the rolling stock itself. The operators are normally contracted by the regional Public Transit Authorities (PTAs), which are responsible for public transportation in several regions in Sweden.
The new high speed trains will improve the regional railway services and increase train capacity by up to 275 seats per train. The new trains use less energy than the older models due to mainly lower air resistance and better recovery of electricity from brake energy. The new trains will shorten the travel time between the cities and departures will be more frequent.
AB Transitio, founded in 1999, is a Swedish private limited liability company, owned by regional PTAs and county councils. The company’s main business is to coordinate the PTA’s procurement of rolling stock, and it aims to standardise these vehicles in order for them to be used by several PTAs.
The major environmental advantage of this project is that it will make possible an increase in rail traffic, thereby facilitating a decrease in air and road traffic. Railway transportation causes considerably lower emissions per person-km in comparison with air and road travel. The delivery and operation of the trains will be in compliance with Swedish environmental legislation.