EIB, KFW IPEX-Bank and NordLB Finance New Battery-Powered Trains

Background Information

The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

The Connecting Europe Facility (CEF) is an EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at European level. The NER 300 programme aims to co-finance demonstration projects for environmentally safe carbon capture and storage (CCS) and innovative renewable energy technologies on a commercial scale. It was funded through the sale of 300 million emission allowances from the New Entrants’ Reserve (NER) of the EU emissions trading system. However, since 2019 it has been possible to finance investment activities under the Connecting Europe Facility Debt Instrument with the unspent NER 300 funds.

Alpha Trains is Europe’s leading rolling stock leasing company. It has 125 employees hailing from 15 countries working at its offices in Luxembourg, Antwerp, Cologne, Madrid and Paris. Alpha Trains owns more than 850 locomotives and multiple-unit trains. It offers its customers tailor-made leasing solutions, comprehensive know-how in the maintenance and repair of rolling stock and many years of experience in financing new builds. Its fleets are used by many public and private operators in 19 European countries. The shareholders of Alpha Trains are APG, Arcus European Trains, PGGM and Swiss Life.

Niederbarnimer Eisenbahn (NEB): More than 100 years ago, the districts and municipalities on the network’s routes held 33% of Niederbarnimer Eisenbahn AG, and this structure remains in place today. The other shareholder is IGB Industriebahn-Gesellschaft Berlin mbH, which is owned by the rail freight specialist Captrain Deutschland GmbH — part of the French SNCF Geodis Group — and Berliner Hafen- und Lagerhausgesellschaft mbH, which belongs to the federal state of Berlin. This unique corporate structure forms an excellent foundation for highly qualified and regionally engaged local rail passenger transport services. With nine new lines entering into service, Niederbarnimer Eisenbahn continues to grow and shape the future for much of the Brandenburg region.

With total assets of €117 billion, NORD/LB Norddeutsche Landesbank – Girozentrale is one of Germany’s leading commercial banks. As a public bank, it is part of the S-Financial Group. Its core businesses cover specialised lending in energy and infrastructure, including rail transport. Currently, financing volumes for infrastructure projects amount to around €4 billion. The bank supports its clients from its headquarters in Hanover, Braunschweig and Magdeburg, in addition to branches in ten other locations in Germany and abroad.

KfW IPEX-Bank is responsible for export and project finance within KfW Group. It supports German companies operating in key industrial sectors in global markets by structuring medium and long-term financing for German and European exports, infrastructure investments and securing raw materials supply, and by financing environmental and climate protection projects worldwide. As a specialist bank, KfW IPEX-Bank has extensive industry, structuring and country expertise. It takes on leading roles in financing consortia and actively involves other banks, institutional investors and insurance firms. KfW IPEX-Bank is operated as a legally independent group company.

This article was originally published by KfW IPEX-Bank.

source= https://railway-news.com/eib-kfw-ipex-bank-and-nordlb-finance-new-battery-powered-trains/