In the title coordination compound, catena‐poly[[[bis[diaquacadmium(II)]‐μ2‐trans‐1,2‐bis(4‐pyridyl)ethene]bis{μ2‐2,2′‐[(5‐carboxymethoxy‐m‐phenylene)dioxy]diacetato}] trans‐1,2‐bis(4‐pyridyl)ethene solvate dihydrate], {[Cd2(C12H10O9)2(C12H10N2)(H2O)4]·C12H10N2·2H2O}n, (I), each CdII centre adopts a pentagonal–bipyramidal coordination geometry. The incompletely deprotonated 2,2′‐[(5‐carboxymethoxy‐m‐phenylene)dioxy]diacetate (TCMB) ligands and trans‐1,2‐bis(4‐pyridyl)ethene (bpe) ligands both act as bidentate bridges, linking the CdII centres into one‐dimensional ladders, which are connected into an undulating two‐dimensional (6,3) layer through O—H...N hydrogen bonds between the carboxylate groups of the TCMB ligands and the N atoms of the uncoordinated bpe ligands. Each undulating layer polycatenates two other identical layers, exhibiting the unusual combination of both 2D → 2D parallel and 2D → 3D parallel interpenetration (2D and 3D are two‐ and three‐dimensional, respectively).