NIB finances drinking water infrastructure upgrades in Stockholm

• The Nordic Investment Bank (NIB) has agreed on a 15-year loan of EUR 184 million (SEK 2 billion) with the City of Stockholm.
• The loan will finance investments in drinking water infrastructure, including reservoirs, pipelines and treatment systems.
• The investments form part of Stockholm's long-term programme to secure reliable drinking water supply for a growing population.

The financing will support part of the City of Stockholm's long-term Stockholms Framtida Vatten (SFV) programme, which aims to renovate, expand and modernise the city's drinking water infrastructure.

The overall SFV programme responds to ageing assets, population growth and the need for greater reliability, redundancy and environmental compliance in Stockholm's water supply system.

The loan will cover investments in the renovation and expansion of water reservoirs, new water transmission pipelines, increased treatment capacity, and the modernisation of waterworks. These measures are intended to strengthen system reliability, remove bottlenecks, increase operational flexibility and improve the resilience of Stockholm's water supply system.

Sofie Nilvall, Head of Treasury at the City of Stockholm, said: "We highly value our longstanding cooperation with NIB and are pleased to secure this financing for the Stockholm Future Water (SFV) programme. NIB's loan is an important complement to the City's primary funding through the bond market and supports our diversified financing strategy."

André Küüsvek, NIB President and CEO said: "Reliable access to drinking water is essential for a well-functioning society. This long-term financing supports critical infrastructure investments that will improve system resilience, capacity and operational reliability for one of the Nordic region's most important metropolitan areas."

The City of Stockholm is Sweden's capital and largest city. It is responsible for providing essential public services, including drinking water and wastewater management, for the Stockholm metropolitan region.

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody's.

Contacts
Tiina Kuusela, Senior Banker, at +358 10 618 0241, [email protected]

Oliver Mølvang Hermansen, Associate Communications Officer, at +358 10 618 0225, [email protected]