NIB Nordic Investment Bank


5 Jul 2017

NIB finances new motorway connection in southern Norway

E18 Telemark

NIB and the Norwegian toll-road operator Vegfinans E18 Telemark AS have signed a 20-year maturity loan totalling NOK 1 billion (EUR 105 million) for the construction of a new section of the E18 motorway in Telemark County.

The loan will finance a new, four-lane section of the E18 motorway with a total length of 16.8 kilometres between Rugtvedt and Dørdal in the municipalities of Bamble and Porsgrunn, Telemark County, Norway.

The project will include the construction of several bridges, grade-separated junctions and 1.2 kilometres of two-lane road connecting the new section to the old road.

“The new motorway section will improve traffic flow, travel times and road safety, and will support the regional economy by providing more efficient logistics solutions”, says Henrik Normann, NIB President & CEO.

The E18 motorway is one of Norway’s major transport corridors, and the main road connection between the eastern and southern parts of the country.

Vegfinans E18 Telemark 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, Com munications Unit, at +358 10 618 0234,

  • AR2017


NIB finances ambulance helicopter service network in Sweden

A loan to Svensk Luftambulans will finance the merger of local airborne ambulance services in Sweden and the acquisition of new helicopters.

17 Apr 2018

Category A project for disclosure

In accordance with its Sustainability Policy and Guidelines, NIB publishes information on the planned expansion of the Port of Ystad. The information is available for 30 days starting from 17 April 2018.

16 Apr 2018

NIB and SG Finans launch third SME leasing facility in Norway, partly Arctic

It is expected that up to EUR 25 million of the facility will be used to finance SME leasing in Norway’s Arctic area.

22 Mar 2018


Related loans