EIB funds modernisation of Dusseldorf’s public transport

The European Investment Bank (EIB) has granted Rheinbahn, the public transport authority in the Düsseldorf region of Germany a multi-million euro loan to become more efficient and environmentally friendly. Rheinbahn operates in an area of over 520 square kilometres, with more than a million people living within the Greater Düsseldorf area. The US$201.6 million loan will fund a four-year investment programme, including the purchase of 40 new trams and 87 new buses, measures to improve accessibility an
July 29, 2014 Read time: 1 min

The 4270 European Investment Bank (EIB) has granted 5843 Rheinbahn, the public transport authority in the Düsseldorf region of Germany a multi-million euro loan to become more efficient and environmentally friendly.

Rheinbahn operates in an area of over 520 square kilometres, with more than a million people living within the Greater Düsseldorf area.

The US$201.6 million loan will fund a four-year investment programme, including the purchase of 40 new trams and 87 new buses, measures to improve accessibility and systems to provide real-time information for public transport passengers and operators.

'The EIB loan will enable Rheinbahn to cope better with the ever-increasing demand for a means of transport that will have a minimal impact on the climate and at the same time facilitate travel for those living in the area,' said EIB vice-president Wilhelm Molterer.

Related Content

  • October 6, 2016
    EIB agrees funding for new East Anglia trains
    The European Investment Bank (EIB) has agreed to provide US$76 million (£60 million) for the purchase of new trains that will improve passenger services in East Anglia on key London, intercity, airport and local services in the UK. The 378 new train carriages will be used by franchise operator Abellio and replace outdated existing electric and diesel trains currently used on the routes. The EIB loan is guaranteed by the European Fund for Strategic Investments (EFSI) under the Investment Plan for Europe, and
    Read More
  • September 15, 2015
    EIB backing for London transport
    The European Investment Bank (EIB) has agreed to provide US$1.5 billion for investment in the London transport network. The 35 year loan from Europe’s long-term lending institution will support major projects, including significant upgrades by Transport for London (TfL) at Victoria and Bank Tube stations, which will transform passenger access at two of the busiest stations in the capital. The new support was announced by Jonathan Taylor, vice president of the European Investment Bank and Steve Allen, ma
    Read More
  • December 16, 2013
    Crossrail project receives US$814 million EIB funding
    The European Investment Bank (EIB), Europe’s long-term lending institution, has provided further funds to support the latest step in Crossrail’s development with a loan of up to US$814 million to Transport for London (TfL). The facility will be used for financing a fleet of new high-capacity air-conditioned trains as well as a new maintenance depot. Finance contracts were signed in London this week by Steve Allen, TfL’s Managing Director Finance and Jonathan Taylor, European Investment Bank Vice President.
    Read More
  • June 4, 2013
    Further EIB support for Lithuanian Railways
    Lithuanian Railways are set to benefit from new rolling stock following a US$65.3 million loan agreement with the European Investment Bank (EIB). After the support for the upgrading of railway infrastructure and purchase of new locomotives, this is now the third EIB operation aimed at modernising Lithuanian railways. “The EIB strongly promotes sustainable transport, and railways will remain one of the most energy-efficient and least polluting land transport modes. We therefore particularly welcome this agre
    Read More

Highlighted Content