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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