NIB finances water infrastructure capacity increase in Sweden
The Nordic Investment Bank and the Swedish city of Varberg have signed an uncommitted credit facility agreement of SEK600 million (€62 million) for the construction of infrastructure for water, wastewater and waste.
The project will be partially financed with NIB Environmental Bonds.
Projects to be financed include a water tower in Varberg, water supply pipelines and a drinking water plant in Kungsäter. Investments in water and waste management systems will secure the supply and sufficient capacity of the municipality’s infrastructure services.
A new wastewater pipeline connecting the eastern parts of the municipality is currently under construction. This will make it possible to close an outdated plant in Tvååker. Refurbishing and expanding the sewer network, as well as the upgrading measures at the Getterö wastewater treatment plant, will ensure that the quality of discharged wastewater will remain at acceptable levels.
A new waste sorting and recycling station will add capacity for sorting different waste fractions in order to meet the demands of the growing population. The aim is also to enable reuse of products by combining waste sorting with the possibility to donate discarded items to charity organisations. Waste sorting and recycling stations are essential for a society to be sustainable.
A first loan of SEK350 million has been disbursed under the facility.
