KfW IPEX-Bank: Financing for the Rhine-Ruhr S-Bahn
Frankfurt am Main (ots) – KfW IPEX-Bank is providing a bilateral
Almost EUR 300 million is available for the Rhine-Ruhr S-Bahn under a loan agreement.
The borrower is the Verkehrsverbund Rhein-Ruhr (VRR), the special purpose association
Client for the Rhine-Ruhr S-Bahn (sub-network D) 36 modern, electric
operated S-Bahn multiple units (EMUs) of the FLIRT XL type from Stadler Germany
GmbH financed. VIAS Rail GmbH will operate the network from the end of 2029.
“We are very pleased to once again be able to offer our long-standing customer VRR and the
to be able to support European manufacturer Stadler,” says Aida Welker,
Member of the management board of KfW IPEX-Bank. “With our financing
we contribute to an attractive offer for passengers in the catchment area
VRR contributes and supports the switch from road to rail and thus
the transport transition in cities and municipalities.”
Oliver Wittke, VRR board spokesman: “High-quality rail vehicles belong
one of the most important quality features for our customers in local rail transport. We are happy,
that the modernization of local transport with attractive financing solutions
and conditions are supported, thus ensuring climate-friendly mobility
of our passengers.”
The Rhine-Ruhr Transport Association (VRR) is one of the largest transport associations
Europe and provides public transport services for 7.8 million inhabitants
Traffic space available.
Press contact:
Antje Schlagenhaufer
Email: mailto:antje.schlä[email protected]
Tel.: +49 69 7431-4009
http://www.kfw-ipex-bank.de
Further material: http://presseportal.de/pm/69662/6153445
OTS: KfW IPEX Bank