NIB funds new Central Station district in Gothenburg
NIB has signed a 10-year loan of SEK 500 million (approx. EUR 46 million), with an option for an additional SEK 1 billion (approx. EUR 92 million), with Jernhusen AB to finance two station-connected buildings—Park Central and Grand Central—in Gothenburg. Both buildings target BREEAM Outstanding certification and will expand capacity and combined transport connectivity at one of Sweden’s busiest rail hubs.
The projects form part of Gothenburg’s Centralstaden redevelopment to relieve capacity constraints at the historic Central Station. The new buildings will introduce three new entrances as well as exits, improve rail, bus, tram and bicycle links, and help accommodate a projected 67% increase in daily train movements and 47–100% passenger growth by 2035. Both Park Central and Grand Central are expected to open to the public in December 2026.
Victor Josefsson, CFO, Jernhusen said: “Jernhusen’s station development in Gothenburg is key to enabling increased public transport use and improving commuter travel across the region. The projects are designed to promote sustainable mobility and meet our ambitious climate requirements, with the goal of achieving BREEAM Outstanding for both buildings.”
Park Central is being developed through a 50/50 joint venture with NCC, with Jernhusen to acquire NCC’s share after completion. The seven-floor building will include a new eastern entrance to Centralen. Grand Central will serve as a new entrance building for Gothenburg Central Station and provide direct access to the West Link platforms, with space for shops, cafés and services. The combined investment for the two buildings is approximately SEK 3.5 billion.
André Küüsvek, NIB President and CEO said: “By enabling high-quality, station-linked hubs that expand rail capacity and simplify transfers, this financing supports a modal shift in Gothenburg and strengthens sustainable urban development.”
Jernhusen is a Swedish, state-owned real estate company that owns, develops and manages railway-related properties across Sweden, including stations, depots and intermodal terminals. Jernhusen’s sustainability targets include a 50% emissions reduction by 2030 and climate neutrality by 2045.
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
Tore Emanuelsson, Senior Banker, +358 10 618 0244, tore.emanuelsson@nib.int
Oliver Mølvang Hermansen, Associate Communications Officer, +358 10 618 0225, oliver.hermansen@nib.int
