28 Oct 2013

NIB and Swedish Transitio sign a loan for new trains

NIB and Swedish AB Transitio have signed two loans, totalling SEK 235 million (EUR 28 million), for the acquisition of new trains to be operated by local public transport authorities in the counties of Västerbotten and Värmland.

A loan of SEK 150 million (EUR 18 million) will finance the acquisition of two new Alstom-manufactured Coradia trains for the Västerbotten county in northern Sweden. The trains with a total capacity of around 400 seats will be used on a recently built high-speed link in the region’s most populated area between two key transport hubs—Umeå and Örnsköldsvik—as well as in other parts of the rail network in northern Sweden.

Another loan of SEK 85 million (EUR 10 million) is earmarked for a Bombardier-manufactured Regina train for the Värmland county in the western part of Sweden. The new train’s passenger capacity is around 170 seats.

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.

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,