NIB Nordic Investment Bank

Loan

Sweden. Municipality of Varberg

Date of loan: 24 Apr 2017
Country: Sweden
Customer: Municipality of Varberg
Amount in SEK: SEK 100 million
Amount in EUR: EUR 10.45 million
Maturity: 5 years
NACE sector / loan type: Sewage and refuse disposal, sanitation and similar activities

Sectors

Energy and environment

Environmental effect

This loan has a positive effect on the Baltic Sea environment: 100%

Financing from NIB Environmental Bond proceeds

Share of financing: 100%

Amount disbursed: EUR 10.4 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

Project

The loan has been provided for the construction of a new wastewater pipeline and other smaller pipeline extensions in the municipality of Varberg, on Sweden's western coast. The municipality is investing in an 18-kilometre pipeline to connect the village of Bua to Varberg’s central wastewater treatment plant. The wastewater treatment plant currently in use in Bua will be closed. The project also includes the installation of seven pumping stations as well as smaller sewage system extensions. Construction is underway and scheduled to be completed in June 2017.

Varberg is located in the county of Halland on the west coast of Sweden and has a population of 61,868.

Fulfilment of NIB's mandate

By centralising wastewater treatment, the pipeline from Bua to the centralised wastewater treatment plant will increase efficiency and reduce discharges of pollutants to the sea. The new pipeline will significantly increase the productivity of wastewater treatment in the region without adding to the operational costs of the centralised wastewater treatment plant, which has sufficient capacity for the greater treatment volume.

Sustainability summary

There are several areas with high nature protection values between Bua and the wastewater treatment plant. All of these areas have been assessed, and restrictions for the positioning of the pipeline as well as an action plan for mitigation of impacts have been developed. The installation of the wastewater pipeline is already more than halfway done, and no significant issues have been encountered in the process. 

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