Rail

LGV CNM, France

Client Oc’Via (as project SPV, current investors are Meridiam and Vauban Infrastructure Partners)
Project Value £- €1.8bn
Status

Capita acted as Lenders’ Technical Adviser (LTA) during the construction of the new LGV Nîmes–Montpellier railway line, with 80 km of new track, including 60 km of high-speed line between Manduel and Lattes for mixed-use (by both TGV trains and freight) and continues as LTA during the maintenance phase.  Financial close was achieved in June 2012, the line was opened to traffic in December 2017 and the maintenance phase will run until June 2037.

Client Lenders: Banco Bilbao Vizcaya Argentaria S.A., Bayerische Landesbank, DZ Bank AG, HSBC France, KFW IPEX – Bank GMBH, Mizuho Corporate Bank Ltd, Natixis, Societe General, Societe General Bank & Trust, Sumitomo Mitsui Banking Corporation Europe Ltd., The Bank of Tokyo, Mitsubishi UFJ Ltd, Unicredit Bank AG, European Investment Bank. 

CAPEX: EUR1.4bn  FINANCED: EUR 1.8bn