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GERMANY: The European Investment Bank is to provide a €340m long-term loan to help fund the Rhein-Ruhr-Express project in Nordrhein-Westfalen, as part of a financing package announced on July 16. A credit of €283m will be provided by KfW IPEX-Bank, and additional funding is coming from Helaba (Landesbank Hessen-Thüringen).
The bank funding is intended to support the purchase of 82 Desiro HC high-capacity electric multiple-units which are due to start operating on the six RRX routes from December 2018.
Formed from a mix of double-deck and single-deck vehicles, the Desiro HC EMUs were ordered from Siemens in March under a deal valued at more than €1·7bn. This includes maintenance over 32 years at a new facility which Siemens is to build at Dortmund-Eving.
This article first appeared on www.railwaygazette.com
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