KfW IPEX-Bank: Green loan for railway infrastructure in Norway

KfW IPEX-Bank: Green loan for railway infrastructure in Norway
© KfW IPEX-Bank

KfW IPEX-Bank is providing a €100 million green loan to the Norwegian railway company Bane NOR Eiendom. The loan is split into two equal tranches with maturities of 7 and 9.5 years.

This Norwegian state company is responsible for developing and managing railway infrastructure, including stations and train maintenance facilities throughout Norway. Investments in supportive railway infrastructure and service facilities such as maintenance depots, train storage and depot facilities are eligible for financing.

These investments will enable the maintenance of longer passenger trains of more than 220 metres in length and increase the overall efficiency of the maintenance cycle.

"By owning, developing and managing railway real estate on a large scale, Bane NOR Eiendom is a key promoter of the further expansion of sustainable, CO2-free public transport in Norway," said Andreas Ufer, Member of the Board of Managing Directors of KfW IPEX-Bank.

Bane NOR Eiendom (wholly owned by Bane NOR SF) is Norway's leading developer of public transport hubs. Bane NOR Eiendom owns, develops and manages railway stations, railway workshops and a range of properties close to the railway and city centres in major cities throughout Norway.

Within KfW Group, KfW IPEX-Bank is responsible for project and export finance. It supports German and European companies operating in key industrial sectors in global markets by structuring medium and long-term financing for their exports, financing infrastructure investments, securing raw material supplies and financing environmental and climate protection projects worldwide.

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