The European Investment Bank (EIB) is providing strategic financing to two of Hamburg’s municipal companies to support the expansion of the city’s infrastructure.Hamburg Energienetze GmbH (HNE) will receive EUR 1 billion to back comprehensive modernisation of the city’s electricity distribution grid, while vhh.mobility (Verkehrsbetriebe Hamburg-Holstein GmbH) will obtain EUR 125 million to purchase 188 new electric buses and expand its operating infrastructure.Hamburg Energienetze GmbH (HNE) will receive EUR 1 billion to back comprehensive modernisation of the city’s electricity distribution grid, while vhh.mobility (Verkehrsbetriebe Hamburg-Holstein GmbH) will obtain EUR 125 million to purchase 188 new electric buses and expand its operating infrastructure.