20 Jul 2016
NIB finances better wastewater treatment in Stockholm area
Lake Mälaren at Ekerö. Photo: Catarina Berg
NIB and the Swedish water services company Ekerövatten AB have signed a SEK 100 million (EUR 11 million) loan agreement with a tenor of ten years to finance the company’s investment in water supply and wastewater treatment in southern Stockholm.
The investment programme is to be implemented during 2016–2018 and amounts to SEK 204 million. It includes the replacement of private sewers, the construction of sewage systems in new residential areas, and the renovation of the existing network.
The upgraded wastewater services will replace current small-scale treatment plants with subsequent infiltration in summer cottage areas around Lake Mälaren, which has a direct connection to the Baltic Sea.
“Continuing urbanisation is requiring improvements in the water and wastewater services in regions around Stockholm. NIB is providing a loan to improve the local community’s access to these services and further reduce discharges of nutrients into the Baltic Sea”, says Henrik Normann, NIB President and CEO.
Ekerövatten AB was established in 2013 with the task of providing water and wastewater services and managing pipeline networks, a wastewater treatment plant and pumping stations located in the municipality of Ekerö, west of Stockholm.
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 Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,