HKCF acted as debt advisor to Stuttgarter Straßenbahnen in the structuring and implementation of corporate financing

KfW IPEX-Bank finances 40 new light rail vehicles for Stuttgart’s public transport operator SSB

• Fleet renewal supports modernization of regional rail infrastructure
• HKCF Corporate Finance advises on structuring and execution

KfW IPEX-Bank is providing long-term financing for 40 new light rail vehicles for Stuttgarter Straßenbahnen AG (SSB). The new vehicles will gradually replace the oldest units in the existing Stuttgart fleet. Following a competitive pan-European tender, the contract was awarded to Stadler Deutschland GmbH. Delivery of the new S-DT 8.16 model is scheduled to begin in 2025.

The vehicles are part of a new generation of low-noise, low-emission light rail trains equipped with all-axle drive systems, specifically engineered to handle Stuttgart’s steep gradients. The two-car, bi-directional units are designed for speeds of up to 80 km/h, offering both technical and design innovation for urban transit.

“We are pleased to support the City of Stuttgart in modernizing its public transport network through this financing,” said Andreas Ufer, Managing Director of KfW IPEX-Bank. “This transaction reflects our continued commitment to sustainable rail transport, which plays a key role in achieving climate-friendly mobility solutions.”

“With the help of this financing, we are making a meaningful contribution to sustainable and forward-looking mobility in Stuttgart—and supporting the city’s climate objectives through our broader investment program,” added Mario Laube, CFO of SSB. HKCF Corporate Finance GmbH acted as exclusive financial advisor to SSB on the structuring and placement of the light rail vehicle financing.

Source: KfW IPEX-Bank