RHEIN-ERFT AND NIERS REGIONAL ROLLING STOCK (EIB-20160515)

Countries
  • Germany
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 16, 2018

Disclosed by Bank Aug 8, 2016


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Project Description

According to EIB website, the project consists of acquiring new rolling stock (electric multiple units) and associated equipment to provide regional passenger rail services on the RE 8 (Koblenz-Bonn(Beuel)-Koln-Monchengladbach) and RB 33 (Essen-Duisburg-Monchengladbach-Lindern-Aachen/Heinsberg) franchises in Germany. 

It will improve the public transport service on rail links RE 8 and RB 33 in Germany. The project will contribute to maintaining public transport competitiveness and attractiveness, thus preventing a modal shift towards private transport, and improve commuting and mobility in the region. The project is in line with the key EU objectives of protection and enhancement of the urban environment and creation of sustainable cities and communities. The project is therefore eligible under Article 309 point (c) "common interest", of the Treaty on the Functioning of the EU. Furthermore, the project is in line with the EIB policy on climate change, falling into the category of sustainable transport.

It will be ensured that this project is implemented in compliance with the EU legislation in terms of environmental and social aspects.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure.

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