Belgian regions and banks to provide 46 million euros to save Lineas

Image: Shutterstock. Daan Verstraete

The Belgian regions of Flanders and Wallonia are joining forces in an effort to keep Lineas, the main rail freight operator in the country, alive. The two regions, with a couple of Belgian banks, will provide a total of 46 million euros to keep the company financially afloat.

Lineas has been struggling financially, mostly due to the aftermath of the COVID-19 pandemic. At the beginning of 2022, the company started a restructuring procedure which entailed a new CEO. To complete the transition and get back on track, Lineas needed 100 million euros. With this new injection, it seems that the company reached its goal.

Lineas’ race to 100 million

In May 2023, the company secured 20 million euros from French investment fund Argos Wityu, which owns 55 per cent of Lineas. Moreover, in January 2024, there was a second capital injection of 50 million euros. Since then, Lineas had been looking for private investors to fill in the final gap of 50 million euros. By receiving 46 million euros from the Wallonia and Flanders regions, it looks like the Belgian company, which claims to be Europe’s largest private rail freight operator, is back to a healthy state. However, the fact that the two Belgian regions are getting involved means Lineas couldn’t raise enough private capital to keep the company afloat.

The Flanders region will provide a loan of 17,5 million euros, which can be increased to 18 million euros through its investment fund PMV, as The Brussels Times specified. The Wallonia region is injecting an additional eight million euros via Wallonie Entreprendre. The remaining 20 million euros will be put on the table by KBC and Belfius, two Belgian banks. All these financial injections amount to 96 million euros, which is quite close to the 100 needed by the company.

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Author: Marco Raimondi

Marco Raimondi is an editor of RailFreight.com, the online magazine for rail freight professionals.

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Belgian regions and banks to provide 46 million euros to save Lineas | RailFreight.com

Belgian regions and banks to provide 46 million euros to save Lineas

Image: Shutterstock. Daan Verstraete

The Belgian regions of Flanders and Wallonia are joining forces in an effort to keep Lineas, the main rail freight operator in the country, alive. The two regions, with a couple of Belgian banks, will provide a total of 46 million euros to keep the company financially afloat.

Lineas has been struggling financially, mostly due to the aftermath of the COVID-19 pandemic. At the beginning of 2022, the company started a restructuring procedure which entailed a new CEO. To complete the transition and get back on track, Lineas needed 100 million euros. With this new injection, it seems that the company reached its goal.

Lineas’ race to 100 million

In May 2023, the company secured 20 million euros from French investment fund Argos Wityu, which owns 55 per cent of Lineas. Moreover, in January 2024, there was a second capital injection of 50 million euros. Since then, Lineas had been looking for private investors to fill in the final gap of 50 million euros. By receiving 46 million euros from the Wallonia and Flanders regions, it looks like the Belgian company, which claims to be Europe’s largest private rail freight operator, is back to a healthy state. However, the fact that the two Belgian regions are getting involved means Lineas couldn’t raise enough private capital to keep the company afloat.

The Flanders region will provide a loan of 17,5 million euros, which can be increased to 18 million euros through its investment fund PMV, as The Brussels Times specified. The Wallonia region is injecting an additional eight million euros via Wallonie Entreprendre. The remaining 20 million euros will be put on the table by KBC and Belfius, two Belgian banks. All these financial injections amount to 96 million euros, which is quite close to the 100 needed by the company.

Also read:

You just read one of our premium articles free of charge

Want full access? Take advantage of our exclusive offer

See the offer

Author: Marco Raimondi

Marco Raimondi is an editor of RailFreight.com, the online magazine for rail freight professionals.

Add your comment

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