14 Mar 2019
EUR 102.26 million
Financial institutions and SMEs
|Date of loan:||4 May 2017|
|Customer:||Municipality of Kungälv|
|Amount in SEK:||SEK 200 million|
|Amount in EUR:||EUR 20.82 million|
|NACE sector / loan type:||Collection, purification and distribution of water|
|Business area:||Infrastructure, transportation and telecom|
This loan has a positive effect on the Baltic Sea environment: 34%
The loan has been provided for water and sewage sector investments in the Municipality of Kungälv, Sweden.
Due to the growing population throughout the region, demand for improved water supply and wastewater treatment is increasing. NIB is helping to finance the construction of a new freshwater plant to replace an existing facility. The new plant will supply drinking water to the municipalities of Kungälv, Ale, Stenungsund and Tjörn.
The loan will also fund an expansion of the public water and sewage networks, connecting permanent residences and holiday homes to the public network and enabling transportation of wastewater to a large centralised treatment plant.
Kungälv Municipality is located 20 kilometres north of Gothenburg and has a population of approximately 43,000. This number is expected to increase to 55,000 by 2025.
The new freshwater plant will replace the old purification system and connect to new residential areas, increasing the quality and security of water distribution.
Construction of sewage collection systems forms a necessary component of sustainable urban infrastructure, and replacing private treatment systems with a large-scale treatment plant decreases discharges of nutrients. By connecting coastal areas to the municipal wastewater system, the network expansion will also reduce discharges of untreated or poorly treated wastewater into the sea.
The project is not expected to have any significant negative environmental impact.