OTS: KfW IPEX-Bank / KfW IPEX-Bank provides financing for Cologne …

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

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