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.

“Strengthening local public transport is a key priority for us,” explained Andreas Ufer, Member of the Management Board of KfW IPEX-Bank. “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.

About KfW IPEX-Bank
Within KfW Group, KfW IPEX-Bank is responsible for project and export finance. It supports German and European companies operating in key industrial sectors in global markets by structuring medium and long-term financing for their exports, funding infrastructure investments, securing supply of raw materials and by financing environmental and climate change mitigation projects worldwide.

As a bank that stands for transformation, it finances technologies of the future to support the transition towards sustainable society in all three dimensions of the economy, environment and social. By implementing ambitious sector guidelines for CO2-intensive sectors KfW IPEX-Bank ensures its financings are compatible with the goals of the Paris Agreement. By introducing GHG accounting it aims to achieve a net zero emissions portfolio by 2050.

As specialist bank, KfW IPEX-Bank has extensive industry, structuring and country expertise, it takes on leading roles in financing consortia and actively involves other banks, institutional investors and insurance firms. KfW IPEX-Bank operates as a legally independent group subsidiary and is represented in the most important economic and financial centres across the globe.