EIB loans € 600 million to Sweden tunnel project

By Helen Wright21 December 2010

The European Investment Bank (EIB) has provided a loan facility of up to € 600 million to help finance the construction of an underground railway line in Stockholm.

The Citybanan project - Sweden's largest rail infrastructure project - is a planned 6 km commuter train tunnel under central Stockholm which includes two new underground stations and a railway bridge.

The EIB signed the loan agreement with the Stockholm County Council and the City of Stockholm on 21 December.

Citybanan is an EU priority Trans European Transport Network project and is part of the Nordic Triangle scheme to upgrade road, rail and maritime infrastructure in Finland and Sweden.

The EIB is the banking arm of the EU and is mandated with contributing to the development of EU member states by financing such investments.

Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Computer vision AI sees the way forward
Salman Chaudhary, CEO at EmpiricAI, explains why computer vision AI offers a glimpse of the future of health & safety in the construction sector
How wearable technology is used in construction
Wearable technology is helping construction companies become more productive and is also boosting health and safety 
Post-pandemic demand lengthens delivery times for construction equipment
Government stimulus measures following the global pandemic have led to a surge in demand for construction equipment
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com