Sweden. AB Transitio
| Date of agreement: | 18 Apr 2012 |
|---|---|
| Country: | Sweden |
| Customer: | AB Transitio |
| Amount in SEK: | SEK 732 million |
| Amount in EUR: | EUR 82.7 million |
| Maturity: | 10 years |
| NACE sector / loan type: | Public administration and defence; compulsory social security |
This loan contributes to climate change mitigation: 100%
Project
The EUR 83 million loan to AB Transitio will finance the acquisition of ten new train sets delivered by Alstom. The new trains will use less energy than the older models due mainly to lower air resistance and better recovery of break energy. Travel time between cities will decrease and the departures will be more frequent.
The new loan is a bilateral loan to AB Transitio, replacing a lease financing loan to Skandinaviska Enskilda Banken AB (SEB) signed in 2011.
AB Transitio, founded in 1999, is a Swedish private limited liability company, owned by regional PTAs and county councils. The company acquires, finances and administers regional trains for the Swedish PTAs.
Fulfilment of NIB's mandate
The project will expand Transitio’s physical capital and increase the number of trains operated by the regional transport authorities. Passenger capacity will be increased, and faster transport alternatives contribute to the competitiveness of the regions which will benefit from the project. Shorter journey times make rail traffic more competitive against air and road alternatives.
Sustainability summary
The major environmental advantage is to transfer passengers from air and road traffic to the railway. Railway transportation causes considerably lower emissions per person-km than air and road travel. The new trains also use less energy than older models.