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Add to Preferred SourcesNIB and the City of Stockholm have signed a SEK 500 million (EUR 48 million) loan with a ten-year maturity to finance the redevelopment of the Slussen water locks and investments in new public transport infrastructure at the Slussen traffic hub.
The Nya Slussen project in central Stockholm is one of the largest ongoing construction project in Sweden. The water discharge capacity of the Slussen water lock between Lake Mälaren and the Baltic Sea is soon becoming outdated and insufficient as rising sea levels are expected to surpass Sweden’s land uplift by 2050.
The redevelopment of the water locks will increase the drainage capacity and accommodate higher floodgates by adding two larger water channels beside the locks. The investment will help to prevent flooding and damage to electric utilities, district heating, and sewage treatment plants.
“The Nya Slussen redevelopment project is a crucial flooding mitigation measure that will allow Stockholm to prepare for the effects of climate change and more extreme weather conditions in the future. The investments will also protect the drinking water supply from Lake Mälaren for two million people and shield crucial infrastructure”, says Henrik Normann, NIB President & CEO.
The Slussen metro station is also the city’s second largest public transport hub and a crucial meeting point for rail, water and road traffic.
The loan from NIB will finance the construction of a new, 200-metre bridge for cyclists and pedestrians alongside the existing metro bridge between Södermalm and Stockholm Central Station, as well as a new entrance to the metro and an improved quay for the Skeppsbron ferries.
Original source: NIB
Published on 11 October 2018