NETZ ELBE SPREE ROLLING STOCK (EIB-20180074)

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.
Borrower
LAND BRANDENBURG,LAND MECKLENBURG-VORPOMMERN,LAND SACHSEN-ANHALT,LAND BERLIN
The holder of the loan, grant, or other investment.
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)
$ 468.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 400 million
Converted using 2018-07-30 exchange rate.
Project Cost (USD)
$ 1,523.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 1300 million
Converted using 2018-07-30 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Jun 11, 2018


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Project Description

The Netz Elbe Spree (NES network provides regional rail services in Berlin and three surrounding federal states Mecklenburg-Vorpommern, Brandenburg, and Sachsen-Anhalt. Under the tender there are four lots to provide rail services on 18 railway lines; 17 regional railway lines and the Berlin Brandenburg Airport (BER) rail express (FEX) to the new airport.

The project is likely to reduce the use of private vehicles or at least contribute to maintaining the modal share of rail, thus contributing to more sustainable transport outcomes by reducing related negative transport externalities.

The project will, therefore, contribute to EU objectives and to the Bank's Climate Action objective. This project supports the development of competition in a sector with high barriers to entry. 

If bi-mode trains are included in the scope then this project would fall under the Cleaner Transport Facility (CTF). The CTF was jointly launched by the Bank and the Commission in late 2016 as a vehicle to promote new, cleaner technology in transport.

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

*There is no further contact information disclosed at this project stage*

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