14 Mar 2019
EUR 102.26 million
Financial institutions and SMEs
|Date of loan:||14 Jul 2016|
|Customer:||Vegfinans Rv23 Dagslett-Linnes AS|
|Amount in NOK:||NOK 1,000 million|
|Amount in EUR:||EUR 107.2 million|
|NACE sector / loan type:||Construction|
|Business area:||Infrastructure, transportation and telecom|
The loan has been provided for the construction of a new road section and tunnel from Dagslett to Linnes in the county of Buskerud approximately 40 kilometres south of Oslo. The new road section will be 5.5 kilometres long in total, including a 2.2-kilometer tunnel, two crossings and a bridge.
In addition to reducing travel time, the new road section will alleviate congestion problems typical to this route and improve traffic safety.
The new road is expected to open for traffic in 2021. The total project cost is estimated at NOK 2,420 million.
Vegfinans Rv23 Dagslett-Linnes AS is a special purpose company established by Vegfinans A/S.
Business activities in the region and its economy are expected to benefit from shorter and more predictable travel times and improved logistics.
The project is not expected to have any significant environmental impacts.