nordbank-finances-luxury-train-in-china

Nordbank finances luxury train in China

HSH Nordbank is providing financing with a maturity of 8.5 years for three custom-made trains that will run over the worldÆs highest railway.
February 26, 2008
HSH Nordbank has announced the closing of a $30 million project financing for three custom-made luxury trains to run over the highest railway in the world between Beijing and Llahsa, and also between Beijing and Lijiang in Yunnan province.

The 8.5ûyear financing in which HSH Nordbank is original senior lender is for RailPartners whose shareholders include Shanghai-based TZG Partners, an investment company focused on ChinaÆs leisure sector Wing On Travel, Hong KongÆs largest travel agency and PYI Corporation, a Hong Kong-based company focused on the infrastructure and logistics sector.

RailPartners has entered into a 50-year joint venture with the state-owned Qinghai-Tibet Railway Corporation, which is under the supervision of the Chinese Ministry of...
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