Together with NORD/LB Norddeutsche Landesbank, KfW IPEX-Bank, as syndicate leader, is financing the purchase of a total of 80 new trams that can be used in double traction for local public transport in the cities of Mannheim, Ludwigshafen, and Heidelberg. The loan provided by KfW IPEX-Bank totals around EUR 95 million. The total investment volume amounts to more than EUR 250 million. The European Investment Bank (EIB) is also providing a long-term loan in addition to the commercial syndicated loan.
Under the project “Rhein-Neckar-Tram 2020” Rhein-Neckar-Verkehr GmbH is purchasing the new rail vehicles to modernise and expand its vehicle fleet and to improve local public transport services. The new trams will be supplied by the Czech manufacturer Skoda Transportation.
With this investment, KfW IPEX-Bank is supporting local public transport in Germany and contributing to improving the infrastructure and reducing the burden on the environment. Financing investments in local public transport in Germany and Europe is one of KfW IPEX-Bank’s core missions.
Original source: KfW
Published on 20 June 2018
