Investment Plan for Europe: largest financing amount to date for trains in Austria

The European Investment Bank (EIB) has signed an agreement under the Investment Plan in the transport sector today. The €500 million loan– the largest transaction under the European Fund for Strategic Investments (EFSI) to date – will allow Austrian train company ÖBB- Personenverkehr AG to purchase new rolling stock. ÖBB will use the loan to purchase new Cityjet train sets for local and regional services. European Commissioner for Transport Violeta Bulc said: “This project not only supports investment and job creation in Europe, it also enables the transition to low emission mobility. These new trains will contribute to the attractiveness of the rail sector in Austria. All in all, this is good news for Austrian commuters and for the environment.”