1 Jul 2010

NIB finances first PPP hospital project in the Nordic region

NIB has signed a loan agreement with Swedish Skanska and British Innisfree totalling SEK 1,500 million (~EUR 150 million) for financing the construction of the New Karolinska Solna Hospital in Stockholm, Sweden.

The project is organised as a Public Private Partnership (PPP) and the New Karolinska Hospital will be the first PPP hospital in the Nordic region and one of the largest PPP hospitals in the world. The Swedish construction firm Skanska and British investment fund Innisfree will set up a joint company for the project.

“Taking part in financing one of the world’s largest and most innovative healthcare projects is at the heart of NIB’s mission. Not only will Sweden be able to offer world-leading healthcare, it will also be carried out in one of the most environmentally advanced buildings in Scandinavia,” says NIB’s President and CEO, Johnny Åkerholm. 

NIB’s loan is an important part of the hospital’s financial structure, which also includes the European Investment Bank and commercial banks. The total financing for the project amounts to about SEK 9.4 billion.

Situated next to the Karolinska Institute, the new university hospital will provide specialised healthcare in close collaboration with education and research. The new hospital is planned to open in December 2015.

The Nordic Investment Bank is the common international financial institution of the eight Nordic and Baltic countries. NIB provides long-term financing to the energy, environmental, transport, logistics and communications, and innovation sectors for projects that strengthen competitiveness and enhance the environment. 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

Ulf Westergård, Senior Manager, tel. +358 10 618 0234,

Nina Monsen, Senior Communications Specialist, tel. +358 10 618 0291,