25 May 2018
EUR 20 million
Financial institutions and SMEs
|Date of loan:||24 Apr 2018|
|Customer:||Municipality of Karlskrona|
|Amount in SEK:||SEK 165 million|
|Amount in EUR:||EUR 15.8 million|
|NACE sector / loan type:||Post and telecommunications|
|Business area:||Infrastructure, transportation and telecom|
The loan facility will finance three separate investments in municipal infrastructure: the expansion of the local fibre optics network and the enlargement of the water and wastewater systems to connect households in the coastal areas to the municipal network.
The expansion of the local water networks in Karlskrona will support a sustainable water supply and enable effective distribution to households in coastal areas.
Further, Sweden is currently experiencing a swift build-out of broadband, driven by the growing public demand for high-speed internet connections and the national digitalisation strategy. By 2020, some 95% of all households nation-wide should have access to 100 Mbps connections.
The municipality of Karlskrona is located in southern Sweden on the Baltic Sea coast and currently has a population of approximately 67,000.
The investments will improve access to sewage services and freshwater supply to around 465 residential buildings and summer cottages in the archipelago. Access to fibre-based broadband is seen as a key driver of economic growth, and will contribute to the implementation of Sweden’s national digitalisation strategy.
The expansion of the water and wastewater systems will allow the municipality to integrate households in coastal areas to the system. The network expansion is also expected to help reduce discharges of untreated or poorly treated wastewater into the sea.
The investments in the expansion of the wastewater network are expected to have a positive impact on the environment.