About ZUG.SH
The company Landesanstalt Schienenfahrzeuge Schleswig-Holstein – ZUG.SH – was founded in July 2024 to finance trains for the German federal state Schleswig-Holstein. As a public-law institution (AöR), it can take out loans on favourable terms and lease the acquired vehicles to railway operators in Schleswig-Holstein at affordable rates. ZUG.SH thus retains ownership of the trains, promoting competition in rail transport while saving financial resources.
Responsibilities
Financing
• Organizing EU-wide loan tenders
• Taking out loans from the European Investment Bank
Controlling
• Monitoring train construction progress
• Ensuring vehicle quality in operation
Leasing
• Leasing trains to railway operators
• Repaying loans with rental income
Management
• Close cooperation with NAH.SH and other partners
• Asset and treasury management
Trains
Contract awarded to Alstom! The French train manufacturer will supply 42 modern trainsets for Schleswig-Holstein and will also be responsible for their maintenance – operations are scheduled to begin in December 2027.
Starting Dec 2027, the new trains will run on these lines:
Partners
Tomorrow’s mobility requires teamwork! Together with the state of Schleswig-Holstein and many partners, we are procuring high-performance vehicles for regional transport.
Loan tenders
We are looking for reliable lenders interested in financing sustainable mobility and establishing a long-term business relationship with ZUG.SH.
The next scheduled loan tenders will likely take place in
September 2026 and March 2027.
We will use the same contractual documents as in the most recent successful loan tender in January 2025. The call for proposals will likely be issued around two months before the submission deadline. If you are interested, feel free to contact us. We look forward to hearing from you!
Any questions or ideas?
Feel free to reach out.