NIB signs framework loan agreement to finance water treatment in southern Norway

NIB signs framework loan agreement to finance water treatment in southern Norway

NIB has signed a 30-years framework loan agreement with the Norwegian inter-municipality company Hias IKS in Southern Norway, to improve its drinking water and wastewater infrastructure.

The framework loan agreement gives Hias IKS an option to borrow NOK 270 million (EUR 27.7 million) from NIB to finance the replacement of an outdated drinking water plant in Hamar, built in 1954. Construction starts in 2019 and will be completed by the end of 2021. The project will improve water quality, increase capacity and renew connecting pipelines and pumping stations.

Hias IKS will also construct a full-scale biological phosphorus removal process based on biofilm carriers for its wastewater treatment plant in Ottestad. This will replace a chemical treatment step at the plant. Construction starts in 2019 and will be completed by the end of 2021.

The upgrade of the Hias wastewater treatment plant will increase the treatment capacity, improving the recovery of phosphorus from the wastewater treatment sludge.

Original source: NIB
Published on 15 April 2019