Munich Re Asset Manager Financing New Electric Fleet for Leipzig Central German S-Bahn Network 2025+
Are you a fan of sustainable public transport initiatives? If so, you’ll be excited to hear about Munich Re’s asset manager, MEAG, financing new rolling stock for the Leipzig Central German S-Bahn Network 2025+. This investment is part of a larger effort to modernize public transport in Germany and promote environmentally friendly modes of travel.
Rock Rail and Infracapital have teamed up to create an investment platform for rolling stock in Germany, with MEAG serving as the sole arranger of the senior debt financing. The new fleet will consist of 41 Siemens Mireo 3-car trains, set to begin service in 2026. These trains are designed to enhance passenger experience, increase capacity, and promote climate-friendly mobility.
The Siemens Mireo platform offers up to 25% higher energy efficiency compared to similar trains, making it a sustainable choice for the growing demand for rail travel in Germany. The fleet will also provide step-free access, wheelchair accessibility, and bicycle spaces to accommodate all passengers.
Mark Swindell, CEO of Rock Rail, expressed excitement about the partnership and the opportunity to fund more fleets in Germany in the coming years. Benjamin Hemming, head of illiquid assets debt at MEAG, emphasized the firm’s commitment to modernizing sustainable public transport and improving the environmental footprint of transportation in Germany.
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