Luxembourg, 05/05/2004 (Agence Europe) - The EIB has decided to grant a loan of NOK 632 million for financing the design, construction, finance and operation of a new section (18 km) of the E39 trunk road between Handeland and Feda, in south-west Norway, and the operation and maintenance of an existing section of the trunk road between Lyngdal and Flekkefjord. The E39 Lyngdal-Flekkefjord scheme is one of the three pilot public private partnership (PPP) road projects in the National Transport Plan (2002-2011).
The Project will facilitate the development of international traffic between Norway and Sweden by road, and Norway and Denmark by improving access to Norwegian ports that serve an Objective 2 region of Denmark.
The borrower is Allfarveg AS. The EIB loan, that has a maturity of 26 years, represents approximately 45% of Project costs. DnB NOR Bank ASA (DnB NOR), together with Nordic Investment Bank (NIB), will provide the remainder of the senior debt for the project.