Siemens Mobility and Paribus Sign Framework Agreement for 30 Vectron Dual Mode Locomotives

Siemens Mobility and Paribus Rail Investment Management GmbH have signed a framework purchase agreement and a full service contract for up to 30 Vectron Dual Mode locomotives.

Siemens Mobility Vectron Dual Mode Locomotive
Siemens Mobility Vectron Dual Mode Locomotive

The investment was arranged and structured by Paribus for RIVE Private Investment (RIVE), a private equity investment company headquartered in Paris.

Along with the signing of the agreement, a call was placed for seven locomotives for which Northrail GmbH, also part of the Paribus Group, has already concluded rental contracts with German railway companies.

The seven locomotives, planned for freight transport in Germany, are to be delivered at the beginning of September. Siemens Mobility will provide full service for them for a period of up to 20 years.

Dr Volker Simmering, Managing Partner of Paribus Rail Investment Management GmbH and Northrail GmbH, said:

“With our acquisition of the new Siemens Vectron Dual Mode locomotives, we have made an important decision toward ensuring a sustainable future for rail freight transport when it comes to energy efficiency and pollutant reduction.

“By expanding its fleet of locomotives to include the Vectron Dual Mode, Northrail GmbH will ensure that its customers have the highest possible operational flexibility on all route sections and at the same time save resources.”

The Vectron Dual Mode is based on the proven Vectron platform and components. The locomotive has a track gauge of 1,435mm and weighs 90t. It is designed to operate on a 15kV AC voltage system and is equipped with a PZB train protection system.

In both of its operating modes, traction power at the wheel rim is 2,000kW. The fuel tank holds 2,600l of diesel. The locomotive’s maximum speed is 160km per hour.

Paribus previously signed a framework agreement with Siemens Mobility in 2019 for the delivery of 25 Smartron locomotives. To date, 16 locomotives from this agreement have been called up.

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