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Getlink: Europorte Invests with Beacon in ETCS to Increase Its Development Possibilities
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Rhea-AI Summary
Getlink's rail freight subsidiary, Europorte, is investing €8.5 million to modernize its fleet of Euro4000 locomotives with ETCS technology, becoming the first French rail freight company to do so. This project, co-financed by Beacon Rail and supported by European Commission subsidies, enhances Europorte's capacity for international and cross-border traffic, especially to Belgium and Germany. The upgrade aims to promote a greener supply chain and address the shortage of truck drivers, reinforcing Europorte's commitment to major industrial customers and continuity of service.
Positive
Europorte is investing €8.5 million in modernizing its fleet with ETCS technology, enhancing operational efficiency.
The project is co-financed at 60% by Beacon Rail, indicating strong financial support and partnership.
Equipping locomotives with ETCS technology aligns with European greening policy and addresses trucking shortages, promoting sustainable transport.
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PARIS--(BUSINESS WIRE)--
Regulatory News:
Getlink (Paris:GET):
Europorte, the rail freight subsidiary of Getlink, is modernizing its fleet of Euro4000 locomotives by investing in ETCS (European Train Control System) technology.
Following its pioneering spirit, Europorte is the first French rail freight company to equip 10 Euro4000 locomotives with this innovative rail signaling technology, which will support the growth of its international business. To carry out this project, Europorte and Beacon commissioned the Belgian company Transurb, which is specialized in the integration of railway signaling technologies.
Through this 8.5-million-euro investment, co-financed at 60% by its long-standing partner Beacon Rail and benefitting from subsidies from the European Commission, Europorte is securing a prominent place in the developments of French industry and international and cross-border traffic, particularly to Belgium and Germany, France's leading trading partner.
By equipping its locomotives with ETCS technology, which will promote modal shift at European level over long distances, Europorte is not only fully in line with the policy of greening the European supply chain but also provides a concrete response to manufacturers facing shortage of truck drivers.
“This implementation of ETCS technology in our locomotive fleet is a strong step in our strategy focused on the international service of major industrial customers launched several years ago. This operation will be a real development accelerator for our company and the assurance for our customers of continuity of service.” stated Raphaël Doutrebente, Chairman of Europorte. »
“Beacon is excited to announce this project with Europorte to deploy ETCS on the Euro4000 fleet operating in France, Belgium, and Germany. The collaborative approach to delivering this project, working with partners Transurb and Alstom, will maintain the flexible cross-border haulage capability of the Euro4000. The project underpins Beacon’s commitment to invest in our assets to meet the emerging needs of our customers and the markets they operate in. Rail plays a critical role in reducing the environmental impact of freight haulage.” Ross Shepherd, Chief Technical Officer, Beacon.
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About Europorte:
Europorte, the rail freight subsidiary of Getlink, is the first 100% private rail freight operator. Europorte acts on a daily basis to implement a unique culture and an innovative global offer based on four fundamental values: safety, quality of service, punctuality and digitization. Europorte operates across the entire logistics chain of rail freight transport in Europe and offers its customers a rail traction service for mainline freight trains 24 hours a day, 7 days a week via Europorte France as well as infrastructure management. through Europorte Services.
Beacon Rail Leasing are a rolling stock leasing company headquartered in Luxembourg and focused on serving the European and UK markets. Beacon Rail Leasing’s current portfolio includes 481 locomotives, 1,199 freight wagons, and 575 passenger train vehicles and intercity coaches on lease across Europe. Beacon Rail Leasing has an industry leading management expertise and capital markets experience, enabling it to meet the equipment needs of its Pan-European customer base. www.beaconrail.com
