BUSINESS ALLIANCE to increase its own fleet of freight cars

Leasing company “BUSINESS ALLIANCE” and the railway holding United Wagon Company concluded the third agreement for the supply of 730 universal gondolas manufactured by Tikhvin Freight Car Building Plant. As a result of this transaction the fleet of new generation freight cars in the ownership of BUSINESS ALLIANCE will exceed 4.5 thousand units, and the total amount of supplies will amount to 14.2 billion rubles.

The supply of gondolas is to be made by the end of this year. The leasing company intends to provide freight cars under agreements for operational and financial leasing. It is planned that the average term of agreements will amount to 5 years, and their value will exceed 3.2 billion rubles.

The owners of freight cars manufactured by TVSZ can greatly increase the efficiency of their business due to freight cars’ technical and operational characteristic. Increased car body space provides for the transportation of freights with the application of full payload capacity of the freight car – 75 tons, i.e. one gondola transports up to 10% more freight over one haul compared to a standard prototype. Gondolas designed service life is at least 32 years.

JSC “BUSINESS ALLIANCE” — is the independent leasing company, working both with large corporations and small and medium-sized companies. JSC "BUSINESS ALLIANCE" is mainly focused on leasing of railway transports, special vehicles, industrial and power equipment. As of 01.12.2016. the leasing portfolio of the company amounted to 34.6 billion rubles. In accordance with the preliminary results, summed up by the rating agency Expert RA, according to the results of 9 months of 2016, JSC "BUSINESS ALLIANCE" took 8th place in the ranking of leasing companies in terms of the volume of new business (value of property) and 9-th place in terms of the size of the leasing portfolio.