Nordic Investment Bank to finance Danish electric train fleet
Danish state railway operator Danske Statsbaner (DSB) has signed a 400 million euro loan agreement with the Nordic Investment Bank (NIB) to finance the purchase of electric rolling stock from 2020 to 2025. DSB will phase out part of its diesel trains in the upcoming years.
The loan of 15 years will finance 42 new electric locomotives as well as more than 100 train sets and coaches and three workshops. The investment is part of a ten-year programme that aims to replace the company’s ageing fleet and to reduce CO2 emissions to zero by the year 2030. This represents a significant contribution to the Danish government’s carbon emission policy.
Phase out diesel
The expansion of the rolling stock is expected to increase the reliability and quality of service, and improve regional and international connections. DSB will also start to phase out diesel locomotives and older train sets.
DSB’s fleet currently includes around 200 diesel locomotives and train sets. During 2020-2025, seventy of these will be phased out.
The switch to electric locomotives alone will decrease the company’s direct scope 1 CO2 emissions by some 27,000 tons annually, according to NIB. Emissions of nitrogen oxide (NOx) are expected to decrease by some 456 tons per year, and particle emissions are estimated to be reduced by 10 tons or 60 percent.
Flemming Jensen, CEO of DSB: “The upgrade of the Danish train fleet delivers a significant contribution to the green agenda. With the investments, we ensure that the train is also in the future the sustainable choice and efficient transport choice”.
“The investment is a significant step towards realising the Danish government’s carbon emission policy, and is a response to the expected increase in the number of passengers using public transport in the coming years. Better connectivity and more efficient service will contribute to the sustainable transition of rail transport in the future”, says Henrik Normann, president and CEO of the Nordic Investment Bank.