Hamburg – KfW IPEX-Bank is providing EUR 70 million of financing for a maintenance depot to be built by regional railway company Hessische Landesbahn. The funds will be raised in the form of a fixed interest registered bond. The issuer is Hessische Landesbahn GmbH, the owner of the facility. It intends to lease the depot to a service company established specifically for this purpose, which will provide maintenance services for Hessische Landesbahn and potentially also other railway companies. The plans include constructing a hall with eight tracks, together with a service building and storage space. The finance will also cover the already completed purchase of the 72,200 square metre plot, the equipment for the maintenance depot and the tracks to connect to the existing rail network.
A CMS team headed by lead partner Dr Kerstin Block advised KfW IPEX-Bank on all legal aspects of the financing, including its structuring and implementation.
By providing this financing for regional public transport purposes, KfW IPEX-Bank is supporting climate-friendly mobility and contributing to the transition to more sustainable transport in Germany.
CMS Germany
Dr Kerstin Block, Lead Partner, Hamburg
Philipp Melzer, Partner, Frankfurt
Moritz Gerstmayr, Counsel, Frankfurt
Michéle Bering, Associate, Hamburg, all Banking & Finance
Dr Olaf Thießen, Principal Counsel, Hamburg, Tax
Dr Hans Fabian Kiderlen, Counsel, Hamburg, Real Estate & Public
Press Contact
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