Modernising Rail in Berlin under Investment Plan for Europe

ongoing

The EIB (European Investment Bank) is providing €185m for modernising regional rail in Greater Berlin. DAL Deutsche Anlagen-Leasing is set to lease new, EIB-financed rolling stock to Ostdeutsche Eisenbahn GmbH (ODEG), which in January 2019 won Lots 1 and 4 of the Europe-wide tender launched by Verkehrsverbund Berlin-Brandenburg (VBB) for the modernisation of the “Elbe-Spree” network. The EU bank loan is guaranteed by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe. The EIB and the European Commission work together as strategic partners on this initiative, with the EU bank using its financing to help make the European economy more competitive. The EIB is supporting ODEG with the implementation of Lot 1. This lot covers the purchase of an initial 21 six-car “Desiro HC” trains, which are expected to enter service on the RE1 regional express line linking Magdeburg with Cottbus via Berlin and Frankfurt (Oder) by the end of 2022. The new trains offer a considerable improvement in comfort and have generous space for bicycles, prams and wheelchairs and an accessible toilet in each multi-purpose carriage. They also have wider doors to enable faster boarding and free WiFi for the convenience of passengers.