Kvaleberg railway maintenance facility in Stavanger Photo: Bane NOR Eiendom
2 Apr 2020
NIB finances railway maintenance facilities in Norway
NIB has signed a 10-year loan facility to co-finance Bane NOR Eiendom’s investments in railway maintenance facilities for 2019-2024.
The loan facility has a maximum amount of NOK 1 billion (EUR 86.45 million), of which NIB has committed to NOK 500 million. Bane NOR Eiendom’s investments are part of the national rail transport plan for 2018-2029 to restructure and developing the rail transport sector.
Bane NOR Eiendom develops existing maintenance facilities and builds new ones for renting out to public and private train and maintenance operators on commercial terms. New facilities shall meeting current standards and provide improved flexibility for operators.
The investment will enhance services and support the expansion of public transport infrastructure to meet increased demand from a growing population. Increased maintenance capacity will support the estimated growing traffic rates and increase in number of trains.
Bane NOR Eiendom AS is a subsidiary of the state-owned Bane NOR SF. Bane NOR Eiendom owns, develops and manages railway property in Norway.
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 Harald Rokke, Head of Infrastructure, Transportation and Telecom,
at +358 10 618 0286, email@example.com
Mr Arild Moen, Senior Communications Officer, at +358 10 618 0496, firstname.lastname@example.org