All agreed loans

Sweden. Skandinaviska Enskilda Banken AB

Date of loan: 19 Apr 2011
Country: Sweden
Customer: Skandinaviska Enskilda Banken AB
Amount in EUR: EUR 72.5 million
Maturity: 10 years
NACE sector / loan type: Transport via railways
Business area: Infrastructure, transportation and telecom

This loan contributes to climate change mitigation: 50%
This loan has a positive effect on the Baltic Sea environment: 50%

Project

A loan has been provided for refinancing the acquisition of new trains to be leased by SEB to AB Transitio.

The new inter-regional trains will improve the regional railway services and increase train capacity by up to 275 seats per train. The new trains use less energy than the older models due to mainly lower air resistance and better recovery of electricity from brake energy. The new trains will shorten the travel time between the cities and departures will be more frequent.

SEB is a leading Nordic financial services group.

Fulfilment of NIB's mandate

The project will affect the region by offering environmentally friendly travel on modern trains which give value for money. The new, additional railway capacity is expected to decrease road traffic in the region. Particular emphasis was placed on the environmental friendliness of the Coradia trains. This is achieved through low energy consumption and careful choice of production methods and materials. Over 90% of the train is recyclable.

Faster transport benefits society by making distances shorter and bringing regions together. Shorter journey times make rail more competitive against air and road alternatives. The project will increase the competitiveness of the regions that will benefit from the project.  

Sustainability summary

The major environmental advantage of this project is that it will make possible an increase in rail traffic, thereby facilitating a decrease in air and road traffic. Railway transportation causes considerably lower emissions per person-km in comparison with air and road travel. The delivery and operation of the trains will be in compliance with Swedish environmental legislation.