KfW IPEX-Bank has announced the provision of approximately EUR 50 million in financing to Kölner Verkehrs-Betriebe (KVB), a subsidiary of Stadtwerke Köln, the infrastructure and services entity for Cologne. This financial support is aimed at long-term investments in public transport, focusing on electric buses and infrastructure improvements.
Andreas Ufer, Member of the Management Board of KfW IPEX-Bank, stated, “We are delighted that we are once again able to support our customer KVB.” He emphasized the importance of adapting to current needs within the transport sector and expressed satisfaction in contributing expertise as a mobility financier.
The financing from KfW IPEX-Bank aims to enhance the appeal of public transport for travelers while advancing decarbonization efforts in the transport sector. It is also expected to positively impact the economy in the Cologne region.