News
03 April 2020
NIB helps finance €86m railway maintenance in Norway
In:
Social infrastructure
Region:
Europe
The Nordic Investment Bank has signed a ten-year loan facility to co-finance Bane NOR Eiendom’s investments in railway maintenance facilities for 2019-2024.
The facility has a maximum amount of NOK1 billion (€86.45 million), of which NIB has committed to NOK500 million. Bane NOR Eiendom’s investments are part of the national rail transport plan for 2018-2029 to restructure and developing the rail transport sector.
The investment will enhance services and support the expansion of public transport infrastructure to meet increased demand from a growing population. Increased maintenance capacity will support the estimated growing traffic rates and increase in number of trains.
