The European Investment Bank (EIB) has confirmed a €340 million loan to help purchase 82 new double-deck trains for the Rhine-Ruhr Express (RRX) project.
The EIB joins KfW IPEX-Bank and Landesbank Hessen-Thüringen (Helaba) in helping to finance the record-breaking €1.7 billion train order.
RRX is a planned six-line regional rail network in North Rhine-Westphalia, Germany. The network will be operated by National Express.
“The EIB has long supported sustainable and environmentally responsible transport solutions, financing the upgrading of both infrastructure and rolling stock.
“By providing modern, energy-saving light trains, the RRX project will help to tangibly improve the quality of local passenger transport in North Rhine-Westphalia,” EIB said in a statement.
