Financing case: IPEX finances a new LNG-powered fast ferry for Tallink

Project profile – financing:

• Total cost of EUR 247 million for new LNG-powered fast ferry for AS Tallink Group, Estonia
• 95% Finnvera cover
• Tenor of 12 years from delivery
• Fixed interest rate

Contribution of KfW IPEX-Bank:

• Loan of EUR 197.6 million
• Support for the development of alternative, climate-friendly energy sources for ship propulsion: “For us, this project is another step in our aim to support the energy change at sea," says Andreas Ufer, member of the Management Board

Project profile – vessels:

• One dual-fuel LNG 2,800 pax RoPax Fast Ferry
• Equipped with all the latest technology incl. shore power connection
• Built at the Finnish yard Rauma Marine
• Delivery January 2022
• Route Tallinn-Helsinki