News
27 September 2018
€104.5m NIB loan finances new section of motorway in Norway
In:
Social infrastructure
Region:
Europe
The Nordic Investment Bank and the Norwegian toll-road operator Ferde AS have signed a €104.5 million loan with a maturity of 17.5 years to finance the construction of a new section of motorway between Tvedestrand and Arendal in Aust-Agder County.
The loan finances the construction of a section of 23km of four-lane motorway on the E18, as well as four tunnels, six larger bridges and two grade-separated junctions.
The new road connection will replace the existing two-lane road between Tvedestrand and Arendal. In addition, a new road section linking the communities of Longum and Krøgenes will be built.
