Green light: KfW IPEX-Bank finances new railway cars for the Rhein-Ruhr-Express
Frankfurt am Main (ots) -
- 82 new double-deck cars for the Rhein-Ruhr-Express - Environmentally friendly shift of traffic from road to rail in the greater urban area
KfW IPEX-Bank will participate in the financing of 82 double-deck cars for the Rhein-Ruhr-Express (RRX) in North Rhine-Westphalia by providing a loan of EUR 283 million. The procurement of the state-of-the-art cars is part of a major project with a total volume of around EUR 1.7 billion. It will also involve substantial infrastructure measures.
"By financing the cars for the Rhein-Ruhr-Express we are supporting the railway-based centrepiece of North Rhine-Westphalia's network expansion," said Christian K. Murach, member of the Management Board of KfW IPEX-Bank upon the signing of the agreement. "This will have a direct positive effect on the environment, as shifting some 30,000 private journeys made every day from the road to the railway will make a significant contribution to reducing the emission of pollutants in the region."
The creation of the RRX will overhaul regional traffic in North Rhine-Westphalia and ease the volume of private traffic between the main cities in the region. It will generally improve the mobility of those living in the conurbation by offering faster journey times, higher capacity and better service quality.
KfW IPEX-Bank is financing the procurement of 82 Desiro HC cars from the manufacturer Siemens, which will also be responsible for subsequent maintenance and repair work for 32 years. The client is the special-purpose association Verkehrsverbund Rhein-Ruhr (VRR) in conjunction with the other participating special-purpose associations in the state. These associations recently announced that the future operators have now also been determined - Abellio and National Express.
About KfW IPEX-Bank GmbH
Within the KfW Group, KfW IPEX-Bank is responsible for international project and export finance. Its function of providing financing to boost the German and European economy is derived from the legal mandate assigned to KfW. It offers medium- and long-term financing to support key export industries, to develop economic and social infrastructure and to fund environmental and climate protection projects. KfW IPEX-Bank operates as a legally independent group subsidiary and plays a major role in fulfilling KfW's promotional mission. It is represented in the most important economic and financial centres across the globe.
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 FrankfurtOriginal-Content von: KfW IPEX-Bank, übermittelt durch news aktuell
Pressestelle: Dela Strumpf, E-Mail: Dela.Strumpf@kfw.de
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