John Laing and Rock Rail secure financing for 61 Siemens Mireo Plus B battery-electric trains in Germany

London-based infrastructure investor John Laing and Rock Rail achieved financial close on a new fleet project in Germany, acquiring an 89% equity stake in a 61-train order. The investment covers Siemens Mireo Plus B battery-electric multiple units (BEMUs) to be deployed in northwest Germany under a 30-year availability-based wet lease structure. Rock Rail previously announced in 2025 that it would finance and own the fleet, with Siemens supplying the trains for deployment by an operator appointed by NWL later in 2026. The first trains are scheduled to enter service in late 2029 following a four-year delivery period. John Laing CEO Andrew Truscott highlighted the deal as a commitment to sustainable transport infrastructure, emphasizing the greenfield investment capabilities of the partnership.

Counterparts (4)

Investor

John Laing

company · 1 deals

London-based international infrastructure investor and asset manager with a 176-year track record across 150+ core infrastructure assets in transportation, energy, utilities, telecommunications, and social infrastructure.

Rock Rail

company · 1 deals

Cañon City, Colorado-based freight rail transportation company providing rail-based logistics services including transloading, contract switching, and railcar storage across the Western U.S.

Offtaker

Westphalia-Lippe Local Transport Association (NWL)

company · 1 deals

Münster-based public transport association (Zweckverband) responsible for planning, coordinating, and improving regional rail and bus services in Westfalen-Lippe, North Rhine-Westphalia, Germany.

supplier

Siemens

company · 4 deals

Siemens is a global technology powerhouse focused on industry, infrastructure, transport, and healthcare. In the infrastructure sector, it provides a comprehensive portfolio of products, systems, solutions, and services for smart infrastructure, sustainable energy, and intelligent mobility, driving digitalization and sustainability across various industries and urban environments.