NIB Nordic Investment Bank

Trust funds

Trust funds

NIB's member countries, the Northern Dimension Environmental Partnership (NDEP) and the Northern Dimension Partnership on Transport and Logistics (NDPTL) engage NIB as one of the channels through which technical assistance and capital grants are allocated to projects in the regions adjacent to the member countries. NIB administers the following trust funds:

Trust funds for general project allocations

  • NIB-NEFCO Finnish Technical Assistance Trust Fund—a fund for preparation of projects in the Northern Dimension area, including Russia, with special emphasis on neighbouring areas of Finland. Preference is given to projects in infrastructure, environment, forestry and forest industries. The Finnish Government is represented by the Ministry of Foreign Affairs.
  • Sida-NIB Sustainable Municipal Technical Cooperation Fund—a Swedish technical assistance trust fund for the development, monitoring and supervision of potential projects in the field of municipal development in Eastern European countries qualified as recipients of Official Development Aid and Russia. The Swedish Government is represented by Sida.
  • NIB-NEFCO BSAP Technical Assistance Trust Fund—a technical assistance trust fund for project development and preparation as well as associated institutional support for the implementation of the Baltic Sea Action Plan. NIB and NEFCO are jointly managing the fund. Finland and Sweden have made contributions. The Finnish Government is represented by the Ministry of Foreign Affairs. The Swedish Government is represented by the Ministry of the Environment and the Swedish Agency for Marine and Water Management.
  • NDPTL Support Fund—a fund to allow for an effective delivery of financial support to NDPTL projects, in the form of technical assistance, project development, preparation and implementation. So far, contributions have been made by Finland, Germany, Norway and the European Union.

Trust funds for specific project allocations

  • Four Swedish technical assistance trust funds for project preparation and implementation in four environmental projects in Russia and Belarus: the rehabilitation of water and environmental services in Kaliningrad; the closure of direct discharges of untreated wastewater in St Petersburg; and the reconstruction and upgrading of wastewater services in Grodno and Brest, Belarus. The Swedish Government is represented by Sida.
  • Four technical assistance support trust funds allocated by the NDEP to NIB as an implementing agency. The first is aimed at preparation and implementation of a Leningrad Oblast water project for the rehabilitation of water distribution and wastewater treatment. The second supports the Vodokanal of St Petersburg project for the reconstruction of the Northern Wastewater Treatment Plant and construction of a pumping station that will decrease the discharge of untreated effluents to the river Neva. The third and fourth are for the reconstruction and upgrading of wastewater services in Grodno and Brest, Belarus.

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  • AR2017

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