KfW IPEX-Bank is providing the Norwegian Bane NOR Eiendom AS (BNE) with funds equivalent to around EUR 50 million (NOK 500 million) to finance the expansion of the Norwegian railway related properties. The loan will be disbursed in Norwegian kroner and has a term of 10 years.
BNE is a wholly owned subsidiary of the state-owned Bane NOR SF, which is an important part of the railway industry in Norway with responsibility for national railway infrastructure.
BNE is responsible for the expansion and operation of the country’s railway infrastructure, in particular buildings such as railway stations, maintenance halls, service buildings, and warehouses. By increasing the efficiency and appeal of rail transport, BNE has set itself the goal of taking social responsibility in encouraging more people to choose to travel by public rail.
The company plans to invest approx. NOK 2 billion (EUR 200 million) in new and existing depots and maintenance facilities by 2025.
With this financing, KfW IPEX-Bank is contributing to promoting the most environmentally friendly mobility in Norway and thus improving European infrastructure, and supporting environmental protection and climate change mitigation.
Original source: KfW
Published on 14 June 2019
