INLANDSBANAN (EIB-20170528)

Countries
  • Sweden
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PUBLIC ENTITY(IES)
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 363.78 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported SEK 3250 million (EUR 312 million)
Converted using 2018-07-30 exchange rate.
Project Cost (USD)
$ 727.57 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported SEK 6500 million (EUR 624 million)
Converted using 2018-07-30 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Apr 26, 2018


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Project Description

The project is financing the upgrade of the existing Swedish Inland Railway (Inlandsbanan), covering a network of 1200 km from Mora in central Sweden up to Gallivare in the North. Capital investments are currently estimated at SEK 6.5bn (EUR 664m), including associated infrastructure (terminals, depots and weighing stations as well as two connecting lines).

The main objective of the project is to provide an alternative railway corridor from North to South, where freight trains would have priority. The rail line will be open access and it is foreseen that the line will be mainly used by operators servicing corporates (active in the steel and the forest industry). The project excludes the acquisition and operation of rolling stock and financing will be limited to infrastructure investments.

Investment Description
  • European Investment Bank (EIB)

EIB will require the project promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation.

Contact Information

*There is no further contact information disclosed at this project stage*

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