The works will embody the development of recent tracks, the advance of current tracks, electrification and the implementation of the European Rail Visitors Administration System (ERTMS).
The EIB has signed a mortgage settlement with Femern Landanlaeg, which manages the Danish a part of the Fehmarnbelt rail hyperlink between southern Denmark and Hamburg, Germany.
The venture covers some 80 km of railway strains between Ringsted and Nykøbing Falster, the place current tracks can be upgraded and a second observe can be constructed. The funding additionally covers bridge work on the 40 km between Nykøbing Falster and Rødby to organize the Danish rail community for the opening of the Fehmarn Belt Tunnel.
As soon as the tunnel is operational, high-speed trains will be capable to take the Hamburg-Copenhagen route in lower than three hours.
EIB Vice President Alexander Stubb stated: "Let's be frank: everyone knows that to attain the targets set by the Paris Settlement, we have to cut back our CO2 emissions. You are able to do it by slicing again on journey, enterprise and tourism, however the best choice might be to supply different modes of transportation that aren’t so unhealthy for the atmosphere. The EIB is the world's largest funder of climate-related tasks, and we’re 100% behind the Fehmarn Belt rail hyperlink. "