MEAG to finance €450m German rail projects

Written by Michael Griffiths

15/12/2025

MEAG, the asset manager of Munich Re, has signed new long-term financing agreements for two major rail transport projects in Germany.

The combined financing volume provided by MEAG managed investors for both projects is approximately €450m.

Both fleets are scheduled to enter service in 2028 and will be initially operated by DB Regio AG under long-term operating leases. The transactions are to be structured as long-term, fixed-rate infrastructure debt instruments, with MEAG acting as sole arranger.

MEAG, which currently manages assets to the value of around €363bn, said the closings showcase its role as arranger of rolling stock financings in the German regional passenger market.

“Battery-electric and electric trains are key enablers of sustainable transport on regional networks,” head of illiquid assets debt at MEAG, Benjamin Hemming, commented. “We thank our partners for the excellent collaboration and are proud to contribute to the modernization of Germany’s public transport system.”

Head of infrastructure debt transactions, Işıl Tanrıverdi Versmissen, added: “As a long-term infrastructure investor, MEAG is committed to financing projects that combine environmental benefits with reliable returns. These transactions underline our expertise in structuring complex rolling stock financings in Germany and beyond.”

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