- EUR 100 million CAPEX facility for ordering new locomotives
- Use of a promotional loan from KfW programme 269 (Investment Loan for Sustainable Mobility, individual variant)
- Improves sustainable and climate-friendly freight transport in Germany
- KfW IPEX-Bank acts as facility agent under existing financing platform
KfW IPEX-Bank acts as an on-lending bank in providing its long standing client RAILPOOL with a KfW promotional loan in the amount of EUR 100 million. RAILPOOL seeks to acquire additional locomotives as part of KfW Program 269 “Investment Loan for Sustainable Mobility”.
The new CAPEX facility, in which KfW IPEX-Bank functions as the sole lender, is integrated into RAILPOOL’s existing financing platform. On this financing platform, KfW IPEX-Bank already assumes all agency functions.
Aida Welker, Member of the Management Board of KfW IPEX-Bank, said:It’s a natural thing for us to provide our clients with the entire range of available financing instruments.
That is why we are particularly pleased to be able to support our valued customer RAILPOOL with this KfW promotional loan.
[quote quotee=”Ingo Wurzer, CFO of RAILPOOL, said:” text=”We are looking forward to strengthening our growth by resuming and expanding our long-standing partnership with KfW IPEX-Bank.”
RAILPOOL will primarily use the locomotives procured using the promotional loan in Germany.
Through this financing, KfW IPEX-Bank is supporting the shift of freight transport to rail, thereby contributing to the decarbonisation of the transport sector.
This article was originally published by KfW IPEX-Bank.
