The Wascosa Group Holding has successfully closed the raise of its existing capex facility by EUR 90m and the incorporation of a second capex facility of EUR 150m, establishing a solid long-term basis for further investments in rail freight wagons.
EVOLYN, the new rail operator for the Channel Tunnel, will launch a high-speed rail service to offer a modern, innovative and sustainable alternative to the more than 11 million passengers who travel by train between the UK and different countries of mainland Europe every year.
The collaboration between SAR and Alstom signifies a strong focus by the Kingdom to identify and test innovative sustainable mobility solutions to reduce carbon emissions from transport and meet Vision 2030 targets set by the Kingdom's leadership.