Railway rolling stock “Cape Town Discount” announced by ECIC South Africa

The Export Credit Insurance Corporation of South Africa (ECIC) has formally announced that when the Luxembourg Rail Protocol is in force in the State of the debtor/lessee, it will apply a discount of up to 20% to its risk premium when underwriting financing of rolling stock (subject to the ECIC’s minimum local South African content rules, compliance with the Protocol, and other underwriting conditions). The ECIC will provide detailed policy guidance in the coming days.

In the words of the ECIC’s Acting Chief Executive Officer, Ntshengedzeni Gilbert Maphula: “The Luxembourg Rail Protocol is a game-changer for Africa’s rail ndustry. By aligning financing structures with global best practice, it not only strengthens investor confidence but also positions South African exporters to play a leading role in supplying the continent’s rail revolution. The ECIC is committed to supporting exporters in seizing these opportunities through innovative export credit solutions.”

For more information, see the ECIC’s press release here.

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