3 Aug 2020
EUR 60 million
Industries and services
NIB and the Swedish drinking water producer Sydvatten AB has signed a loan agreement, totalling SEK 67 million (EUR 8 million), for improving the drinking water supply in southern Sweden.
The loan is earmarked for the construction of a 20-kilometre drinking water pipe to connect the municipalities of Ängelholm and Båstad with a population of 50,000 people to Sydvatten’s network of drinking water supply. It is estimated that the water resources in these municipalities are insufficient to meet a potential increase in demand for drinking water in the next few decades.
The NIB-financed investment programme also includes equipping one of the company’s water purification plants, Ringsjöverket, with ultraviolet lamps for treatment of the water. This measure will improve the output quality of drinking water from lake Bolmen, a major source of raw water in southern Sweden.
Sydvatten AB is owned by 16 municipalities in southern Sweden, including the cities of Malmö, Helsingborg and Lund. The company produces drinking water for a population of 900,000 people and is today one of the largest drinking water providers in Sweden.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact
Mr Tore Emanuelsson, Senior Manager Origination, at +358 10 618 0244,
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,