VTB Leasing intends to finance 1,660 railway platforms at the amount of more than 4 billion rubles

VTB Leasing will provide Irtysh Capital LLC with 1,660 flatcars designed for the transportation of Russian-manufactured large-capacity containers under long-term financial lease conditions. As a result of the assets delivery, the funding amount will exceed 4 billion rubles, excluding VAT. More than a thousand railway cars have already been handed over to the company, the rest will be transferred by the end of 2021.

VTB Leasing signed a pool of leasing deals with Irtysh Capital LLC to supply Russian 80-foot flatcars as part of a project to increase the company's fleet in the context of growing railway container traffic volumes and an increase in demand for this type of wagons. The rolling stock for the operator will be produced at Russian factories. New platforms are planned to be used for the transportation of large-capacity containers on domestic Russian routes and external directions: delivery to large transport hubs for further transportation to the countries of the Asia-Pacific Region (APR) and Europe.

Currently, VTB Leasing is the sole partner of Irtysh Capital for specialized rolling stock leasing activities.

“We are pleased to be a reliable financial partner of Irtysh Capital and and contribute to the development of the company's business. We expect that the new Russian railway cars will improve cargo delivery efficiency by the "green" kind of transport and will boost development of logistics supply chains. In accordance with VTB's strategy, we use every opportunity to offer the best conditions for the implementation of such important projects. We hope that cooperation between our companies will also continue to develop in future,” commented Evgeny Tatarinov, commercial director of VTB Leasing.

VTB Leasing Group is the consistent leader of the railway leasing market. Historically, this segment has been the flagship of the company's business. Currently railway portfolio of VTB Leasing includes more than 128 thousand freight cars of various types, and on this measure the company is considered the largest lessor of Russia. In 2020, VTB Leasing purchased more than 19,000 railway cars for a total value of RUB 48.6 billion, exceeding its business plan by 20%. The fleet was equipped with both new and used railway cars, which is in line with the company's policy of the network balance maintenance.
Source: vtb-leasing.ru