News from 2019-07-24 / KfW IPEX-Bank
KfW IPEX-Bank participates in financing of 18 new diesel multiple units for the federal state of Baden-Württemberg
As part of an invitation to tender issued by the Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW), KfW IPEX-Bank is financing 18 new diesel multiple units for the regional public rail network. The financing of EUR 79 million will be repaid within 25 years after the construction phase of the railcars and is covered by a guarantee from the state of Baden-Württemberg.
The Coradia Lint 54 trains made by the French manufacturer Alstom, each with capacity for 150 passengers and 18 bicycles, will be operated from December 2020 on the Zollernalbbahn network (including the Tübingen - Sigmaringen and Sigmaringen - Hechingen lines).
The Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW) was founded by resolution as a public-law institution with legal capacity in March 2015. It is responsible for implementing the organisational aspects of the railcar financing in the state (BW model) and thus for encouraging competition in regional public rail transport.
Under the scope of the invitation to tender for transport services, the state of Baden-Württemberg offers the railway companies a way to finance the railcars via the Landesanstalt.
The railway companies procure and purchase the necessary railcars from a manufacturer and then sell them to the SFBW. The SFBW thus becomes the owner and leases the trains back to the railway company for operation during the term of the transport contract and monitors the maintenance and repair services. To finance the purchase price of the railcars, the Landesanstalt takes out loans secured by a guarantee by the federal state of Baden-Württemberg.
With this financing, KfW IPEX-Bank is contributing to promoting regional public rail transport in Baden-Württemberg and, along the way, to supporting the European economy.
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