KfW IPEX-Bank provides financing for Cologne’s public transport company
Frankfurt am Main (ots) – KfW IPEX-Bank is providing around EUR 53 million for the
Kölner Verkehrs-Betriebe (KVB), a subsidiary of Stadtwerke Köln,
available. The funds are used to refinance the procurement of e-buses
and light rail as well as to finance smaller investments.
“Strengthening public transport is a key issue for us,” explains Andreas Ufer,
Member of the Management Board of KfW IPEX-Bank. “In addition, they reduce
Electric buses and light rail in Cologne reduce local emissions. We are happy,
that we were able to win KVB as a new customer and are happy to support you
this municipal transport company in the implementation of the traffic turnaround and
the expansion of electromobility.”
With its financing, KfW IPEX-Bank also supports the
European economy: The Dutch manufacturer VDL manufactures the
electric buses and the French company Alstom/Bombardier Transportation
delivers the light rail.
About KfW IPEX-Bank
Within the KfW Group, KfW IPEX-Bank is responsible for export and
project financing. With the structuring of medium and long-term
Financing for German and European exports, infrastructure investments
and securing raw materials as well as environmental and climate protection projects all over the world
supports domestic companies in key industrial sectors
the global markets.
As a transformation bank, it finances future technologies in order to bring about change
of a sustainable society – in all three dimensions economy, environment
and social – to accompany. With demanding sector guidelines for
CO2-intensive sectors, KfW IPEX-Bank ensures the compatibility of their
Financing with the goals of the Paris climate protection agreement. With your
GHG accounting, it aims to have a greenhouse gas-neutral portfolio by
to be reached in 2050.
It has a comprehensive industry, structuring and
Country competence, it assumes leading roles in financing consortia and
actively involves other banks, institutional investors and insurance companies.
It is managed as a legally independent group company and is part of the
most important economic and financial centers in the world.
Press contact:
Antje Schlagenhaufer
Email: mailto:antje.schlä[email protected]
Phone: +49 69 7431-4009
http://www.kfw-ipex-bank.de
Further material: http://presseportal.de/pm/69662/5532232
OTS: KfW IPEX-Bank