Sweden. AB Transitio
| Date of agreement: | 28 Oct 2013 |
|---|---|
| Country: | Sweden |
| Customer: | AB Transitio |
| Amount in SEK: | SEK 150 million |
| Amount in EUR: | EUR 17.1 million |
| Maturity: | 15 years |
| NACE sector / loan type: | Public administration and defence; compulsory social security |
This loan contributes to climate change mitigation: 100%
Project
The loan has been provided for the acquisition of two new Coradia trains manufactured by Alstom to further increase transport capacity in the Västerbotten county in northern Sweden. The new trains will add passenger capacity by around 400 seats. Coradia trains can run at a speed up to 180 kilometre/hour and will be used on a recently built high-speed railroad in the region’s most populated area between Umeå and Örnsköldsvik as well as in other parts of the rail network in northern Sweden.
NIB took part in a bidding process for the financing of new and used train-sets within Transitio’s investment programme totalling SEK 650 million for the period 2014–2015 and was chosen to finance three new train-sets for the counties of Västerbotten and Värmland.
Founded in 1999, AB Transitio is a Swedish private limited liability company, owned by regional public transport authorities and county councils. The company coordinates public transport authorities’ procurement of rolling stock.
Fulfilment of NIB's mandate
Competitiveness: The project is expected to promote some cluster effects, by improving the quality and availability of the domestic passenger railway service, contributing to local and regional integration. High quality public transportation often provides numerous benefits such as congestion reductions, shorter travel time, reduced accident risk, improved mobility for non-drivers and energy conservation.
Environment: The major environmental advantage with this project is in transferring passengers from road traffic to the railway. Railway transportation causes considerably lower emissions per person-kilometre in comparison to road travel.
Sustainability summary
The purchase or transfer of the ownership of trains has very limited negative environmental impacts.
