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Railways in Denmark getting an infusion from the EIB. The 25-year loan is for new electric trains

Railways in Denmark getting an infusion from the EIB. The 25-year loan is for new electric trains
photo: Archives/Railways in Denmark getting an infusion from the EIB. The 25-year loan is for new electric trains
17 / 02 / 2022

Danske Statsbaner (DSB) has drawn € 500 million from the European Investment Bank (EIB) to support the acquisition of 100 new electric multiple units to replace the aging diesel-powered trains.

This 25-year lending agreement with the EIB for new trainsets is planned to get the first vehicles into operation in 2024. And thus replacing the older IC3 and IC4 models. DSB is doing this to fortify its passenger capacity since the future of railways is predicted to have increased demand for such services. Also, new models are able to meet the future demand for more quality and reliability.

“The new electric trainsets will be the backbone of future public transportation in Denmark and the investment is a significant contribution to the green transition of Danish society. DSB is very pleased with the long-standing cooperation with the EIB and the trust and confidence that the EIB shows by providing long-term financing for DSB. It is very satisfactory for DSB that our initiatives and plans for more sustainable public transportation are recognized and that we on that basis can attract financing from one of the most trustworthy lenders in the market, ”said Flemming Jensen, CEO of DSB.

This replacement for electric units falls within the framework of DSB’s environmental policy and its program to future-proof rail traffic in Denmark. Primary use is planned for the core network in Denmark, connecting Jutland with Copenhagen Region, while some of the machines will also service passengers in the Sjᴂlland region.

"I am pleased the EIB has been able to support DSB in making this sustainable transition, replacing existing diesel with clean efficient electric rolling stock," said EIB Vice President Christian Kettel Thomsen. “We should not underestimate the importance and contribution of rail traffic to limiting the impact of climate change. The quality of services and comfort of trains are important factors in encouraging people to shift away from commuting by car to using public transport,” he added.

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