The EIB has confirmed the authorisation to conclude the EUR 400 m loan to SAAB Automobile AB in accordance with the terms and conditions approved by the Board of Directors on 21 October 2009 and to conclude the guarantee agreement with the Swedish National Debt Office, as the loan is subject to a state guarantee which the Swedisch Government approved on 26 January 2010. The EU Commission approved the Swedish state-guarantee for the Bank's loan to SAAB on 8 February 2010.
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Sweden: EIB invests €77,5 million to deepen Port of Gothenburg for next-generation ships
The European Investment Bank (EIB) is providing 850 million Swedish kronor (around €77,5 million) to the Port of Gothenburg to finance Skandia Gateway – a major infrastructure project that will deepen the fairway and reinforce the quays. The aim is to enable the largest ocean-going container vessels to call at the port fully loaded, thereby strengthening Sweden’s trade capacity and supporting more sustainable transport chains. The project is carried out in cooperation with the Swedish Transport Administration, the Swedish Maritime Administration and the Port of Gothenburg.