Sweden. Stockholm County Council
|Date of agreement:||23 Feb 2016|
|Customer:||Stockholm County Council|
|Amount in SEK:||SEK 1,000 million|
|Amount in EUR:||EUR 106.9 million|
|NACE sector / loan type:||Land transport|
This loan contributes to climate change mitigation: 100%
Financing from NIB Environmental Bond proceeds
NEB-eligible share: 100%
NEB category: Clean transport solutions
Amount disbursed: EUR 107.3 million
Note: For loans in other currencies than EUR, the equivalent in EUR is based on the exchange rate effective for the disbursement. Read more about the NIB Environmental Bonds
The loan has been provided for financing the acquisition of 48 new metro trains and a new traffic operation system for Stockholm’s metro system.
The new trains will be used on a line that connects the suburban residential districts to the city centre and transports up to 500,000 commuters daily.
The trains, which are to be delivered in 2017–2021, will increase the line’s passenger capacity by adding more standing room. The new traffic system, to be taken into use in 2019, will allow for semi-automatic operation.
The total project costs are estimated at about SEK 6 billion.
The Stockholm County Council is a regional municipal body corresponding to the region of Stockholm County in Sweden. Its main responsibilities are the provision of public healthcare and public transport.
Fulfilment of NIB's mandate
The new trains will increase the passenger capacity of the Red Line by 14%. In addition, the new traffic operating system will increase the line’s hourly departure frequency by 25% from 24 to 30 trains. The modernisation of the system and the physical upgrade of the train fleet are intended to enhance the market efficiency and reliability of the entire metro network.
The growing population of the Stockholm metropolitan area is expected to increase demand for public transportation. The improvement of the metro’s passenger capacity as well as its departure frequency is expected to reduce travel times and improve the quality of services.
The implementation of the project is not expected to produce any significant negative environmental impact.