KfW IPEX-Bank Extends EUR 50 Million Loan to Kölner Verkehrs-Betriebe for Sustainable Public Transport Investments

(IN BRIEF) KfW IPEX-Bank has granted Kölner Verkehrs-Betriebe (KVB), a subsidiary of Stadtwerke Köln, a EUR 50 million loan to fund the transition towards more sustainable public transportation. The investment will support the acquisition of electric buses and the development of necessary infrastructure, contributing to decarbonization efforts and regional economic growth.

(PRESS RELEASE) FRANKFURT, 18-Feb-2025 — /EuropaWire/ — KfW IPEX-Bank has committed EUR 50 million in long-term financing to Kölner Verkehrs-Betriebe (KVB), the public transport provider for the city of Cologne. A subsidiary of Stadtwerke Köln, KVB will use the funds to advance its plans for modernizing public transport, including the integration of electric buses and key infrastructure improvements. This financing represents a significant step towards enhancing sustainable urban mobility.

Andreas Ufer, Member of the Management Board at KfW IPEX-Bank, commented on the deal, stating, “We are excited to continue supporting KVB as it drives forward its ambitious transformation in public transport. The shift towards sustainable mobility is a collective challenge, and we are pleased to contribute our expertise as a dedicated financier in the mobility sector.”

This partnership is set to enhance the attractiveness of public transport in Cologne, contributing to the city’s decarbonization goals by reducing emissions in the transport sector. Additionally, the project will stimulate the local economy, ensuring long-term growth and sustainability for the region.

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First published in this link of EuropaWIRE.