Cargounit 3SIIF is the Three Seas Initiative Investment Fund’s first investment. It is the largest independent locomotive leasing company in Poland and is the sixth largest rolling stock company in Europe.
THE BACKGROUND
The Polish rail freight market is the second largest in Europe after Germany and it is forecast to continue to grow. A large-scale rail modernisation programme is underway in Poland promoting connectivity both within Poland and with the wider Three Seas region. The Three Seas region comprises Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia.
Cargounit is well positioned as the only private locomotive leasing company in Poland able to offer a full suite of locomotive types and it has extensive plans to modernise its fleet over the coming years. Cargounit’s existing asset base and customer relationships offer a strong platform for expansion both in Poland and the surrounding countries.
Expansion of the business to operate in other Three Seas countries will also play a part in increasing connectivity in the region as well as enhancing the efficient transportation of freight by rail. The company expects to invest heavily in new multi-system locomotives able to operate cross border.
Project highlights include:
- Comprehensive existing asset base primed for expansion
- Significant locomotive expansion plan supported by a policy of increasing rail utilisation rather than road transportation driving market growth
- A refinancing was completed following the financial close of the project which will be used to fund the acquisition of electric locomotives and modernise the existing fleet
Facts
locomotives
>175
Technical availability
95%
SDGs Supported
