NIB Nordic Investment Bank

Article

18 Nov 2017

NIB-financed Helsinki–Espoo metro line launched in Finland

First metro train departure from Espoo on 18 November
First metro train departure from Matinkylä, the westernmost station in Espoo. Photo: Jukka Ahonen

On 18 November, the Helsinki city transport operator HKL launched the West Metro, a 14-kilomtre extension of Helsinki metro line into the neighbouring city of Espoo. The project has been financed with a 30-year-maturity loan of EUR 120 million that NIB provided to the construction company Länsimetro.

The metro line extension has eight stations and is built underground for its entire length. It now connects the southern parts of Espoo with the regional rail transport system. It is estimated that some 50,000 passengers will use the metro to commute between Helsinki and Espoo every day.Metro mapMap of the extended metro line connecting the two cities. Image: Länsimetro

Thanks to transferring the commuters from road to rail and reducing the bus traffic between the cities on the Western Motorway, the metro line is expected to help cut the emission of carbon dioxide in this transport corridor by some 40%, to 6,800 tonnes a year.

NIB has further committed a EUR 150 million loan to Länsimetro for building five more stations in Espoo.

 

 

  • AR2016

News

NIB signs loan agreement with Husqvarna for R&D investments

A seven-year maturity loan agreement to finance Husqvarna AB's R&D investments 2017–2019.

5 Jan 2018

NIB opens 2018 Kauri market with NZD 400m transaction

The Bank's five-year NZD 400 million transaction has become inaugural in the New Zealand bond market this year.

5 Jan 2018

Category A project for disclosure

In accordance with its Sustainability Policy and Guidelines, NIB publishes information on the construction and upgrade of National Road 3/25 in Hedmark, Norway. The information is available for 30 days starting from 22 December 2017.

22 Dec 2017


MORE NEWS

Related News

NIB to finance extension of metro line from Helsinki to Espoo

A loan to Länsimetro Oy will finance building a new metro line in Finland's metropolitan area between the capital Helsinki and its satellite Espoo.

1 Apr 2011


MORE NEWS

Related loans


MORE LOANS

Related articles