3 Jul 2020
EUR 60 million
Financial institutions and SMEs
NIB and Transitio AB have signed a 30-year loan agreement of SEK 210 million (EUR 20 million) to finance in part the acquisition of twelve new passenger trains for traffic in the Mälardalen area.
The new trains were ordered by Mälardalstrafik Mälab AB and will be leased to the regions of Stockholm, Uppsala, Västmanland and Östergötland. Each train has 333 seats, wifi and space for bicycle transportation.
The Mälaren Valley region has a high proportion of commuters, as 40% of the Swedish population is living in the area. Due to population growth, the demand for public transport is expected to steadily increase in the coming decades.
“Expanding the capacity of public transportation will contribute to the mobility of labour and stimulate further cohesion in the region. The investment will also increase departure frequency and reduce travel times. This will help to improve the service quality and to encourage travellers to move from road to rail”, says Henrik Normann, NIB President & CEO.
The delivery of the new rolling stock will take place during 2021–2022.
Mälardalstrafik Mälab AB is a railway company jointly owned by the regional transport authorities of Mälardalen, which include the regions of Stockholm, Sörmland, Uppsala, Västmanland, Örebro and Östergötland.
Transitio AB is owned by 20 Swedish regions, which are acting as public transport authorities. The company coordinates procurement and fleet-management 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, firstname.lastname@example.org
Ms Lisa-Maria Altenberger, Communications Officer, at +358 10 618 0234, email@example.com