NEWAG to Supply Five New DRAGON 2 Locos for Rail Capital Partners

Today NEWAG S.A. signed a framework supply agreement and five individual supply contracts including maintenance contracts with Rail Capital Partners under which five new DRAGON 2 electric locomotives will be delivered.

DRAGON 2 is a proven locomotive characterised by very good traction parameters. The purchase of these vehicles follows the development strategy of Rail Capital Partners (RCP) according to which the number of locomotives at the company’s disposal should reach fifty.

“Signing today’s contracts marks the beginning of our collaboration with NEWAG which, I am convinced, will develop harmoniously. It is also our response to the market need of expanding the product portfolio of our company and of continuing our mission to offer our present and future clients cutting-edge and reliable vehicles. It constitutes the next step in the development of Rail Capital Partners. The new locomotives will be available as early as 2020,” said  Ireneusz Kozłowski, President of RCP.

“We are very satisfied with the contracts for the supply of DRAGON 2 locomotives signed with Rail Capital Partners. We are convinced that thanks to the very high reliability and availability of these locos, their supply in 2020 will provide a strong impulse for the development of our client’s operations,” said  Józef Michalik, Deputy President of the Board of Newag S.A.

NEWAG S.A. is a modern company successfully combining innovative technical solutions and traditions reaching as far back as 1876. As one of the oldest rail companies in Poland, NEWAG S.A.  has extensive experience in manufacturing and modernising rolling stock. NEWAG is a leading manufacturer of electric and diesel passenger multiple units, electric and diesel locomotives and metro trains and trams.

Rail Capital Partners sp. z o.o. is a ROSCO-type of company  i.e., a company owning locomotives in order to lease them to train operating companies. Its sole shareholder is the Infrastructure Capital Investment Fund FIZAN, with Polski Fundusz Rozwoju S.A. [Polish Development Fund] managing its investment portfolio. The company was established in order to facilitate access for train operating companies  to cutting-edge locomotives without the need to make substantial capital outlay.