Mainzer Verkehrsgesellschaft (MVG) is investing in 22 new, 43.5 metre long state-of-the-art Škoda ForCity Smart low-floor trams to modernise public transport in Mainz. For the financing structured by DAL Deutsche Anlagen-Leasing (DAL), a syndicated loan of more than €100 million was agreed, which was implemented under the leadership of DAL/Deutsche Leasing Finance. Helaba, Investitions- und Strukturbank Rheinland-Pfalz (ISB) and Rheinhessen Sparkasse are participating as syndicate partners. ISB is also providing additional refinancing funds to the entire banking consortium. Based in Mainz, ISB is the state-owned development bank for Rhineland-Palatinate and supports the state in implementing economic, infrastructure and housing development measures. With consulting services, low-interest loans, guarantees, subsidies and equity financing, it utilises a broad portfolio of funding options, including funds from the state, the federal government and the European Union. ISB works with all banks and savings banks on a competitively neutral basis. As the competence centre of the Sparkassen Finanzgruppe, DAL specialises in the realisation of large-volume, asset-based investment projects.
MVG, a subsidiary of Mainzer Stadtwerke AG, will use the vehicles in the Rhineland-Palatinate federal state capital on the currently 30 km long metre-gauge network with its five lines, thereby expanding its local public transport services – we reported on this HERE (link). The syndicated loan has a total term of 25 years and is divided into construction period financing and final financing. Delivery of the vehicles is scheduled for the period from 2028 to 2030.
