ANNOUNCEMENT 17 Mar 2020
In March 2020, the KfW IPEX-Bank announced providing financing to support the purchase of German-built battery-powered electric trains to be purchased by Baden-Württemberg public transport company.
NUMBER OF INTERVENTIONS
KfW IPEX-Bank, Press release of 17 March 2020, KfW IPEX-Bank to finance innovative battery technology for rail transport in the Ortenau network in Baden-Württemberg: https://www.kfw-ipex-bank.de/Presse/News/Pressemitteilungsdetails_573184-2.html
On 17 March 2020, the KfW IPEX-Bank announced providing financing to the local transport authority Baden-Württemberg public transport company's purchase of 20 battery-powered electric Mireo trains. The loan has a total value of EUR 77 million (approx. USD 84.8 million). The maturity of the loan is 28 years. The trains will be manufactured by Siemens Mobility in Krefeld, Germany.
A similar loan was approved to the authority in 2019, see related state act.
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.