El Gobierno frena a Renfe el 'renting' de trenes

Article Abstract:

Plans by Spanish rail operator Renfe to acquire 150 new Talgo 200 coaches worth Pta 8,000mn under a renting arrangement have been halted by the central government which claims the 'renting' formula needs to be regulated and specified under a new contract. Renfe's contract with the government expires in 1998 and negotiations for the 1999-2003 contract have only recently begun. The government is said to be concerned that the 'renting' scheme could in fact be camouflaging the purchase of assets. Renfe, meanwhile, claims it continues to look at the 'Renting' alternative. The Talgo trains are to replace a good number of coaches in the Talgo III park, some of which are over 30 years old. Financing for the project had already been sought by Talgo.

Comment:

Gets contract to provide 50 new Talgo 200 coaches worth Ptas8,000 mil under a renting arrangement w/ Renfe

Locomotives, Talgo

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Renfe recurre por primera vez al 'renting' para renovar sus trenes sin aumentar la deuda

Article Abstract:

An agreement is reportedly about to be finalised between Spanish rail operator Renfe and train manufacturer Patentes Talgo whereby Renfe will renovate its 300 Talgo III coaches, worth Pta 20,000mn, through a long-term renting arrangement with an option to buy. New Talgo 200 sixth generation coaches would be replacing the old ones currently operating on the lines between Cantabria and Madrid, as well as between Madrid and Alicante. The renting period will be between 14 and 20 years. Any agreement between the two companies must be approved by the ministries of development and finance and by the board of Talgo.

Comment:

Renfe will renovate 300 Talgo III coaches, worth Ptas20,000 mil, through long-term renting arrangement with this co

Capital expenditures, New Railroad Cars, Railcars, Patentes Talgo S.A.

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Wagon Lits renuevael contrato de servicio a Renfe por 30,000 millones

Article Abstract:

French train catering multinational Wagon Lits and Spanish railway company Renfe have renewed their contract for a period of five and a half years. For the duration of the contract, Renfe will pay Pta 29,642mn for restaurant and sleeping car services on its 200 long-distance trains. With the renewed contract, Renfe will be providing a better service, comparable to what is given on Euromed or the AVE high speed trains, for the same price as before.

Comment:

Renews contract for period of 5 1/2 years w/ Renfe, which will pay Pta29,642 mil for restaurant & sleeping car services

Commercial Cafeterias, Cafeterias, Wagon Lits

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