KfW IPEX-Bank and Swedavia have signed a EUR 190 million loan agreement for the overall financing and development of the Swedish state-owned company’s airports, mainly its largest airport Stockholm Arlanda Airport.
Swedavia is investing approximately EUR 1.7 billion by 2025 in the development of Stockholm Arlanda Airport. Sizeable investments are planned to develop terminal facilities as well as the service offering at the Swedish capital main airport, where the operator also aims to have zero emissions of carbon dioxide from the airports own operations by 2020.
“We are pleased that KfW IPEX-Bank is supporting us with funding for our continued work to build the climate-smart airports of the future. With this credit facility, we diversify our funding and get cost-effective loans with longer durations,” says Mats Påhlson, Chief Financial Officer at Swedavia.
Swedavia is carrying out wide-ranging climate transformation measures at all ten state-owned airports, including the use of green electricity and biofuel to replace oil heating of airport buildings, as well as several other energy-efficiency measures.
As part of the current development programme at Stockholm Arlanda Airport, a new pier and system for baggage handling, check-in and security screening are planned. The commercial offering at the airport will also be developed with a new commercial center with a variety of shops and restaurants.
At Stockholm Arlanda Airport the capacity is expected to gradually increase from 26.9 million annual passengers (2018) to 40 million passengers by 2040, positioning Stockholm Arlanda Airport as the leading climate smart airport in the Nordics.
Original source: KfW
Published on 07 June 2019
