NIB Nordic Investment Bank

Article

30 Jun 2017

NIB finances expansion of E6 motorway in Hedmark County, Norway

E6 Hedmark county

NIB and the Norwegian toll-road operator Vegfinans E6 Gardermoen-Moelv AS have signed a loan agreement of NOK 1.5 billion (EUR 156 million) for the expansion of the E6 motorway between Kolomoen and Moelv in Hedmark County, Norway.

The loan will finance the expansion of existing two- and three-lane sections of the E6 motorway connection between Kolomoen and Moelv into four-lane sections. The total length of the road stretch is 42.7 kilometres.

The expansion of the existing connection between Kolomoen and Moelv will reduce travel times and accidents, and allow for improved traffic flow.

The E6 motorway is one of the Nordic region’s most important transport corridors, running from Southern Sweden to Northern Norway and connecting Oslo to Trondheim.

“The expansion of the E6 motorway will help Hedmark County to accommodate growing traffic volumes. Improved logistics and transport connections will contribute to the economic competitiveness of the region”, says Henrik Normann, NIB President & CEO.

Construction is due to start in mid-2017 and is expected to be completed by 2021.

Vegfinans E6 Gardermoen-Moelv AS is a subsidiary of Vegfinans AS, one of the main toll-road operators in Norway. Project procurement is being handled by Nye Veier AS, Norway’s state-owned road-building company.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Mr Stefán Jón Fridriksson, Senior Manager, Origination, at +358 10 618 0512,

Ms Lisa-Maria Altenberger, Communications Unit, at +358 10 618 0234,

 
  • AR2017

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