According to the Bank’s website, the loan will finance the major investment programme of ÜSTRA AG, Hannover's public transport operator, approved by the municipality at the end of 2019. In detail, it concerns the purchase of new rail rolling stock to operate the urban light rail system (Stadtbahn), as well as the purchase of new electric busses, including the charging infrastructure, to operate the main bus lines across the city.
The aim is to improve and further enhance the usage of sustainable transport in Hannover, increase transport accessibility and safety, as well as reduce pollution, in line with the City's and EU's environmental and social objectives. Additionally, since it will also support EU's and the EIB's climate action objectives, the project is eligible under Article 309 point (c) "common interest" of the EU Treaty.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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No contact information provided at the time of disclosure.
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