The EU and several other OECD members have agreed to allow their export credit agencies to underwrite longer repayment terms for loans financing infrastructure. The deal, entered into force on 1 January 2014, will cover the export of trains, tracks, rail IT and related material and will be a boost for railway industries.
The EU is home to some of the world’s leading manufacturers of rolling stock, such as Alstom, Bombardier, Siemens, Talgo, Skoda and AnsaldoBreda. Europe is one of the world’s largest markets for rail products.
For further details see:
http://www.oecd.org/tad/xcred/rsu.htm and Railway Gazette, 13 January 2014
