KfW IPEX-Bank Provides Financing for Kölner Verkehrs-Betriebe

KfW IPEX-Bank provides around EUR 53 million for Kölner Verkehrs-Betriebe (KVB), a subsidiary of Stadtwerke Köln, the infrastructure and services company of the city of Cologne, Germany.

The funds will be used to procure e-buses and light rail systems, but also to finance smaller investments.

Andreas Ufer, Member of the Management Board of KfW IPEX-Bank, explained:

“Strengthening local public transport is a key priority for us.

“Cologne’s electric buses and light rail systems also help to cut local emissions. We’re delighted to win KVB as a new customer and look forward to supporting this municipal transport company in implementing the mobility transition and expanding electromobility.”

KfW IPEX-Bank is also assisting the European economy with its financing. Dutch firm VDL will be manufacturing the electric buses, while French firm Alstom/Bombardier Transportation will be supplying the light rail systems.

This article was originally published by KfW IPEX-Bank.

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