NIB finances water supply network in Norrtälje, Sweden

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The FIANNCIAL — NIB and the Swedish drinking water supplier Norrvatten have signed a long-term loan agreement totalling SEK 252 million (EUR 27 million) for connecting the municipality of Norrtälje to Norrvatten’s network.

The 20-year maturity loan will finance Norrvatten’s infrastructure investment programme for the construction of a 55-kilometre water pipeline transporting purified drinking water from Lake Mälaren to 25,000 residents in Norrtälje, according to NIB.

As part of the project, a back-up pipe between the municipalities of Österåker and Vaxholm has been built to secure the supply of fresh water to the region in the event of a leak in the pipeline network. Both pipes will be operational starting from summer 2015.

Over the next 15 years, steady population growth is expected in the region. The project responds to this increase in demand by improving access to drinking water and by making use of the spare capacity available at Norrvatten’s purification station, Görvälnverket.

Norrvatten is owned by 14 municipalities located northeast of Stockholm. The company is the fourth largest municipal fresh water producer in Sweden.

 

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