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    Reference: 20170528
    Release date: 26 April 2018

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    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 Gällivare 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).

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    SEK 3250 million (EUR 319 million)

    Total cost (Approximate amount)

    SEK 6500 million (EUR 638 million)

    Environmental aspects

    The railway line is located in Central Sweden, crossing environmentally sensitive areas, hence some of the investments (construction and modernisation the terminals, depots and stations) fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended, and may therefore require an EIA. Screening decisions, EIA and developments consents, as well as, conformity with the requirements of the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC) will be analysed during the appraisal. Furthermore, the railroad crosses areas inhabited by the Sami people, recognised and protected under the international conventions of indigenous peoples. In addition, the effects on reindeer husbandry is taken into account in the project and will be analysed during the appraisal.

    Procurement

    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, Directive 2014/25/EU or 2004/17/EC, where applicable, as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Under appraisal - 22/02/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Sweden Transport