NIB and Trondheim Municipality agree infrastructure and public services financing
- The Nordic Investment Bank (NIB) has signed a NOK 3.0 billion (approximately EUR 273 million) 20-year uncommitted credit facility with the Municipality of Trondheim.
- The loan is intended to finance the municipality's investment programme for 2026–2029.
- The investments will support the development of educational facilities, healthcare services, and water and wastewater infrastructure.
The investment programme includes educational facilities, healthcare services such as nursing homes, and water and wastewater infrastructure. The projects will help meet growing demand for public services and support the municipality’s long-term development.
The planned water and wastewater investments will strengthen climate resilience and ensure reliable infrastructure for a growing population through the modernisation and expansion of essential networks and facilities.
Lars Magnussen, City Commissioner for Finance in Trondheim Municipality: "We are very pleased to have finalized the loan agreement with the Nordic Investment Bank. The agreement gives us access to a new, robust source of financing for future investments in education and childcare, health and welfare, and water and wastewater infrastructure."
André Küüsvek, NIB President and CEO: “Growing communities depend on reliable, high-quality public services and infrastructure that supports everyday life. With NIB’s long-term lending, we can support Trondheim’s investments that will benefit residents and help to meet the needs of a growing population."
The borrower, the Municipality of Trondheim, is Norway’s third-largest municipality.
Nordic Investment Bank (NIB) is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. NIB strengthens the competitiveness, sustainability, and resilience of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.
For further information, please contact:
Carlos Rodriguez, Senior Banker, Public Sector & Utilities, +358 10 618 0471, Carlos.Rodriguez@nib.int
Lotta Forssell, Senior Communications Officer, +358 10 618 0498, lotta.forssell@nib.int