NIB Nordic Investment Bank

Loan

Sweden. Municipality of Kungälv

Date of loan: 12 Oct 2017
Country: Sweden
Customer: Municipality of Kungälv
Amount in SEK: SEK 100 million
Amount in EUR: EUR 10 million
Maturity: 20.82 years
NACE sector / loan type: Collection, purification and distribution of water

Sectors

Infrastructure, transportation and telecom

Project

The loan has been provided to finance a number of water and sewage sector investments in the Municipality of Kungälv, south-western Sweden.

The project includes the construction of a new freshwater plant, which will replace an existing facility. The new plant will supply drinking water to the municipalities of Kungälv, Ale, Stenungsund and Tjörn.

The loan will further fund the expansion of the public water and sewage networks, which will connect permanent residences and holiday homes to the public network and enable transportation of wastewater to a large centralised treatment plant.

Kungälv Municipality is located 20 kilometres north of Gothenburg and has a population of approximately 43,000. This number is expected to increase to 55,000 by 2025.

Fulfilment of NIB's mandate

Competitiveness:

Due to the growing population in the region, demand for improved water supply and wastewater treatment is increasing. The new freshwater plant will replace the old purification system and connect to new residential areas, increasing the quality and security of water distribution.

Environment:

Construction of sewage collection systems forms a necessary component of sustainable urban infrastructure, and replacing private treatment systems with a large-scale treatment plant decreases discharges of nutrients. By connecting coastal areas to the municipal wastewater system, the network expansion will also reduce discharges of untreated or poorly treated wastewater into the sea.

Sustainability summary

The project is not expected to have any significant impact on the environment.

Back to agreed loans

  • AR2016

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