Ängelholm wastewatewer treatment plant
23 May 2016
NIB finances wastewater treatment for Ängelholm
Ängelholm wastewater treatment plant Photo: Courtesy of Municipality of Ängelholm
NIB has signed a three-year loan agreement of SEK 50 million (EUR 5 million) with the Municipality of Ängelsholm for the upgrade of its sewage treatment system, on the west coast of Sweden.
The population of Ängelholm is growing and the municipality plans to upgrade its sewage system to accommodate the growth.
The plan is to increase the capacity of its wastewater treatment plant to match a population of 62,000 from the current capacity of 37,000. This is partly due to more households being connected to the municipal wastewater network.
The programme runs from 2016 until 2020. The total project cost is estimated to be approximately SEK 454 million, of which NIB could finance up to SEK 150 million. The investment is expected to increase capacity by almost 60%. The loan can be extended up to 15 years.
Ängelholm has approximately 40,000 inhabitants and employs about 3,000 people.
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 Patrik Marckert, Senior Manager Origination, at +358 10 618 0266,
Mr Arild Moen, Senior Communications Officer, at +358 10 618 0496,