AUGSBURGER NETZE ROLLING STOCK (EIB-20180133)

Countries
  • Germany
Where the impacts of the investment may be experienced.
Specific Location
Augsburg, Germany
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
BAYERISCHE EISENBAHNGESELLSCHAFT MIT BESCHRAENKTER HAFTUNG,LAND BADEN-WUERTTEMBERG
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)
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 Sep 11, 2018

Disclosed by Bank Jul 19, 2018


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Project Description

According to EIB website, the project consists in the acquisition of new rolling stock (electric passenger vehicles) and associated equipment for a public service contract to operate the rail passenger services in the city region of Augsburg, Germany. Further, it aims to reduce the use of private vehicles or at least contribute to maintaining modal share of rail, thus contributing to more sustainable transport outcomes by reducing related negative transport externalities. The project will therefore contribute to the EU objectives and to the EIB Climate Action objective. The project falls within the Lending Policy for Transport. Furthermore this project supports the development of competition in a sector with high barriers to entry. The project is therefore eligible under Article 309 point (c) "common interest", of the Treaty on the Functioning of the EU.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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