NIB signs framework loan agreement for water infrastructure improvements in Örebro, Sweden

NIB and the Swedish municipality of Örebro have signed a 30-year framework loan agreement of SEK 600 million (EUR 55.8 million) to finance its investment programme for fresh water supply and wastewater improvements.

The investments in drinking water infrastructure will improve the quality of services, securing the supply and sufficient service capacity over the coming years. Approximately 4,000 new buildings are expected be connected to the networks in relation with the projects.

The projects concerning waste and storm water management encompass upgrades at the Skebäcksverket wastewater treatment plant (WWTP) as well as seven smaller WWTPs. The increased wastewater treatment capacity will allow up to 10,000 more residents to be connected to the municipal sewerage.

The projects are scheduled to be implemented during the period 2018–2022. Total investments amount to SEK 1,290 million.

Örebro is a municipality of around 150,000 inhabitants located in central Sweden. It is the seventh largest city in Sweden and one of the country’s largest inland hubs.

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
Ms Kersti Talving, Senior Manager, Lending, at +358 10 618 0245, Kersti.Talving@nib.int

Mr Vytautas Brazaitis, Communications Unit, at +358 10 618 0235, Vytautas.Brazaitis@nib.int