14 Mar 2019
EUR 102.26 million
Financial institutions and SMEs
NIB has signed a 30-year loan agreement of SEK 540 million (EUR 51 million) with the Swedish wastewater service provider Käppalaförbundet for the upgrade of its wastewater treatment plant in Lidingö, eastern Stockholm.
The loan will finance the expansion of the Käppala wastewater treatment plant and the general refurbishment of its external facilities in order to increase the plant’s capacity and the quality of the treated water.
The municipalities north and east of Stockholm are experiencing significant population growth, and increasingly stringent regulations require higher treatment levels at all wastewater facilities in the region.
Käppalaförbundet currently treats wastewater from eleven municipalities. The investments in the expansion of the plant will increase its capacity from a population equivalent of 700,000 to 900,000.
“The growing population of the greater Stockholm area is putting increasing demands on wastewater treatment facilities. The upgrade of the Käppala wastewater treatment plant will replace outdated infrastructure and help the local municipalities to ensure adequate water treatment”, says Henrik Normann, NIB President & CEO.
This is the second loan agreed between Käppalaförbundet and NIB. The first was signed in 2015 to finance a new digester and a new high-rate-clarification process for overflow at the plant.
Käppalaförbundet is a federation of eleven municipalities located north and east of Stockholm, first established in 1957. Today, the company treats wastewater from over 500,000 inhabitants.
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.
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