NIB finances port expansion in central Sweden

NIB has provided a loan of SEK 500 million (EUR 54 million) to the Port of Gävle for the financing of infrastructure projects in the Swedish Port of Gävle.

The Port of Gävle is in a phase of expansion and is investing in new quays, larger port areas, a new entrance fairway and improved rail connections. The investments will increase the port’s transport capacity by 40%, from the present 5 million tonnes to over 7 million tonnes of goods handled at the port’s quays each year.

“The expansion in infrastructure that NIB is financing is of importance for the competitiveness of companies both in the region and the whole country,” says Johnny Åkerholm, President and CEO of NIB.

The port has, among others, a growing container business and is of national interest as an industry and energy port, given its strategic location in heavily industrialised central Sweden.

The Municipality of Gävle in east central Sweden has a population of about 95,000. The Port of Gävle, fully owned by the Municipality of Gävle, is one of Sweden’s largest import and export terminals with regular services to European ports.

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, Origination, tel. +358 10 618 0717,

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