NIB finances transport infrastructure in Täby, Sweden

NIB finances transport infrastructure in Täby, Sweden

NIB finances transport infrastructure in Täby, Sweden

The FINANCIAL -- NIB and the municipality of Täby have signed a 20-year loan facility of SEK 450 million (EUR 47 million) to finance the construction of a new town hall building and a number of public transport and infrastructure projects.

The loan facility will finance the construction of Täby’s new town hall, which was completed during spring 2017. The building accommodates 620 municipal employees and has been certified according to the highest level (“Gold”) of the Swedish green building certification system, Miljöbyggnad, according to NIB.

Further, the loan facility covers the municipal investments related to the second phase of the expansion of the double rail track along the Roslagsbanan train line, connecting Täby to the centre of Stockholm. The expansion of the rail line will increase the frequency of departure and passenger capacity of trains.

In addition, the Roslags-Näsby traffic intersection will be upgraded to improve traffic flow to the E18 motorway. The project includes the construction of two roundabouts and better access to a number of bus stops, which will improve general traffic safety.

Bicycle and pedestrian lanes will also be expanded and improved in line with the municipality’s traffic plan for 2014–2030.

“The investments in public transport infrastructure will allow the municipality to provide the growing population with access to commuter connections, and support a shift from private cars to rail travel”, says Henrik Normann, NIB President & CEO.

The municipality of Täby is located north of Stockholm, and considered part of the greater Stockholm area. The municipality has a population of over 70,000.