Ferries play a vital role in Norway’s public transport infrastructure.The Norwegian ferry company Fjord1 and NIB have signed a NOK 750 million loan to finance the acquisition of twelve hybrid-electric ferries.
Ferries transport some 20 million vehicles and more than 40 million passengers annually. Fjord1 is currently the largest operator in the country, with around 50% of the market.
The company’s investment is a major step towards meeting Norway’s ambitious strategy for decarbonising coastal transport.
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