Support for the Stockholm metro
- Date: 22 February 2013
A SEK 3.5bn (EUR 400m) loan will help Stockholm expand and revamp its metro network. Our support will fund new trains, a new signalling system, a new underground depot in Norsborg and renovation of an existing depot in Nyboda. This investment in service quality, speed and capacity will keep cars off the roads and so will cut pollution.
Around 2 million people live in the Stockholm region. With the population having increased by about 15% in the last ten years, transport networks need to keep pace. The loan was signed with Stockholm County Council for the development of the Red metro line, one of the city’s three subway services (Green, Blue and Red). Some 128 million passengers per year use the Red line’s 36 stations. As well as the other environmental and quality of life benefits, the new trains will be designed to minimise energy consumption and noise.
“The EIB strongly promotes the creation of sustainable cities and projects improving the competitiveness and attractiveness of public transport. The modernisation of Stockholm’s metro is one of these” said EIB President Werner Hoyer.
In 2012, we provided nearly EUR 400m for sustainable transport projects in Sweden. This included support for the extension of the Tvärbanan light rail line between Alvik and Solna, near Stockholm, the acquisition of associated new rolling stock and the construction of a new depot at Ulvsunda. Furthermore, we granted a loan for the acquisition of seventeen electric and three diesel trains for passenger services in the Västra Götaland region in western Sweden.