Apex Rail was mandated by Central Saxony Transport association (VMS) to provide a financing package for the procurement of 19 electric tram trains for the Stadtbahn Chemnitz, the construction of a new railway depot for the maintenance of these vehicles and any future fleet extension as part of the "Chemnitzer model" plus a refinancing of an existing depot. At the end of march 2022, corresponding to the financing for these capital goods totaling around €189 million the transaction was successfully completed with the participation of the European Investment Bank (EIB), KFW Ipex-Bank and Nordlb. the mandate included the use of suitable interest rate hedging instruments. We are very satisfied with the support and preparation of the financing solution and would like to thank Apex Rail for their ongoing commitment combined with a high degree of professionalism over the entire duration of the mandate.
Verkehrsverbund Mittelsachsen (VMS)
CENTRAL SAXONY TRANSPORT ASSOCIATION