All agreed loans

Finland. City of Helsinki

Date of loan: 1 Sep 2009
Country: Finland
Customer: City of Helsinki
Amount in EUR: EUR 50 million
Maturity: 30 years
NACE sector / loan type: Land transport
Business area: Infrastructure, transportation and telecom

Environmental effect

This loan contributes to climate change mitigation: 100%

Project

The 30-year-maturity loan totalling EUR 50 million has been provided for the City of Helsinki's purchase of new low-floor trams and metro cars. The new trams are needed for both the city's increasing tram traffic and for replacing old trams that will be taken out of use in the coming years. The metro cars are needed for the expanded metro network in the westward direction from Helsinki to Espoo, Finland's second largest city.

In Helsinki's transportation and traffic planning, one of the top priorities is to promote a fluent level of service in public transport as well as in cycling and pedestrian networks, vehicular traffic and parking. Improved traffic safety is also a central objective.

Sustainability summary

Environmental issues concern the environmental performance of the new trams and metro cars and waste management. The energy needed for the new cars will be in the same range as for the existing ones. Cars that are taken out of operation will primarily be used for spare parts and/or recycled or disposed of. The project will lead to an indirect reduction of greenhouse gas emissions.

Press release

NIB myöntää Helsingille pitkäaikaisen lainan uusien raitiovaunujen ja metrojunien hankintaa varten

 

Press release

NIB ger långfristigt lån till Helsingfors nya spår- och metrovagnar