NIB finances new trains for Sweden’s Mälardalen region 

17.11.2025 Press release
Image: Mälardalstrafik AB trains in Sweden

NIB and AB Transitio have signed a loan agreement of SEK 1.2 billion (approx. EUR 108.9 million) for the acquisition of 13 new double-decker trains on behalf of Mälardalstrafik AB to operate in the Mälardalen region, Sweden.  

The new trains will be delivered starting in spring 2028 and are expected to enter service between 2028 and 2029. 

Mälardalstrafik operates regional trains in the Mälardalen area, carrying more than 15 million passengers each year. The investment will strengthen the fleet’s capacity and reliability, supporting growing demand for regional transport and ensuring stable operations as services expand. 

“With these additional vehicles we will strengthen the robustness of the Mälardalstrafik fleet and further increase synergies and standardisation in Transitios rolling stock fleet,” says Magnus von Bahr, CEO of Transitio AB. 

“NIB and Transitio have a long-standing partnership in developing sustainable and efficient public transport in Sweden. This investment will help improve regional connectivity, promote low-carbon mobility, and enhance the quality of daily commuting for thousands of passengers,” says André Küüsvek, President and CEO of NIB. 

The investment aligns with long-term regional development plans, enabling more flexible scheduling and greater capacity. The Stockholm–Mälardalen region, home to over four million people and generating nearly 40% of Sweden’s GDP, depends on efficient transport links to connect its cities and labour markets. Strengthened rail connections will help balance housing development, ease pressure on Stockholm, and promote sustainable growth across the seven counties. 

Mälardalstrafik AB is a railway company jointly owned by the regional transport authorities of Mälardalen, which include the regions of Stockholm, Sörmland, Uppsala, Västmanland,  Örebro län and Östergötland. 

Transitio AB is owned by 20 Swedish regions, which are acting as public transport authorities. The company coordinates procurement and fleet-management of rolling stock. 

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s. 

For further information, please contact 

Carlos Rodriguez, Senior Banker, +358106180471, Carlos.Rodriguez@nib.int  

Dmitri Kouznetsov, Director, Head of Public Sector & Utilities, +358 50 576 5080, Dmitri.Kouznetsov@nib.int  

Elīna Neimane, Senior Communications Officer, +358 10 618 0871, Elina.Neimane@nib.int  

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EUR 108.9 million