EuRailCo reinforces
its position in Germany and gains new contract
in passenger regional rail services - 4
may 2006
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EuRailCo has been awarded a new contract in
Germany.
Trans Regio, a 75% subsidiary of EuRailCo, will
operate the passenger railway line « Mittelrheinbahn » which serves
in North Rhineland – Westphalia and Rhineland – Pfalz,
the banks of the Rhine between Köln, Coblenz
and Mainz for a period of 15 years from the end
of 2008.
EuRailCo – Trans Regio is presently operating
three regional passenger transport services in
the Rhineland - Pfalz region, totalling 1.3m
km per year, at an annual turnover of €13m.
The new contract will bring to EuRailCo – Trans
Regio an additional annual turnover of approximately €36m
for extra 2.9m km per year it operates.
This gives Trans Regio a considerable growth
in activity and will allow the company to significantly
position itself in the field of electrical regional
rail services.
The new operation will also reinforce in a spectacular
way the presence of EurailCo – Trans Regio
in these regions and will place it under excellent
conditions to continue to develop locally and
on other German regional railway markets.
EuRailCo, while combining the confirmed expertise
of its two shareholders TRANSDEV and RATP Development,
furthers its ambition to become one of the major
European passenger railway operators.
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