European Investment Bank Provides €400 Million for Stockholm Metro Expansion, Supporting Sustainable Growth

(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in additional financing for the expansion of the Stockholm metro, supporting the development of 30 km of new tracks, 18 new stations, and the creation of 130,500 housing units. The project, which spans four municipalities, aims to improve sustainable public transport and contribute to regional development. The EIB’s total financing for the project now exceeds €1 billion, reinforcing its commitment to climate-smart investments. The metro expansion is expected to help the Region of Stockholm meet its climate goals and increase mobility for the growing population.

(PRESS RELEASE) LUXEMBOURG, 15-May-2025 — /EuropaWire/ — The European Investment Bank (EIB) is providing an additional €400 million in financing for the expansion of the Stockholm metro. This new loan will support the Region of Stockholm and the City of Stockholm in advancing one of Europe’s largest metro expansion projects, which will include the construction of 30 km of new tracks, 18 metro stations, and the expansion of a depot. The financing brings the total loan amount to over SEK 12 billion (more than €1 billion) for the project.

The expansion, which spans four municipalities—Stockholm, Nacka, Solna, and Järfälla—will create a more sustainable and efficient public transport system to meet the needs of the growing population. The project involves the construction of three new 30-kilometre sections of track, 20 kilometres of which will be in double-track tunnels, and 130,500 new housing units along these sections.

EIB Vice-President Thomas Östros commented: “This investment not only promotes sustainable mobility but also contributes to regional development. By providing this additional loan, we underscore our long-term commitment to climate-smart investments in Europe’s cities. The Stockholm metro expansion is a prime example of how EU funding can benefit both people and the climate.”

The new financing is part of the EIB’s ongoing support for the expansion of the Stockholm metro, which is one of the largest infrastructure projects in Sweden and the EIB’s largest investment in public transport in the country. With the current loan, the total financing provided by the EIB for this initiative exceeds SEK 12 billion (over €1 billion).

The project aims to serve the 730,000 people who currently use public transport in the county every day, providing a more efficient way to travel and reducing greenhouse gas emissions. Region of Stockholm Director-General Emma Lennartson emphasized the importance of this investment in meeting the region’s climate goals. “We are committed to reducing greenhouse gas emissions by 12% annually to meet the targets of the Paris Agreement, and investing in the metro will be crucial to achieving carbon neutrality by 2045,” she said.

The EIB’s new loan will be distributed between the Region of Stockholm and the City of Stockholm, with SEK 2.5 billion allocated to the Region of Stockholm and SEK 2 billion to the City of Stockholm. City of Stockholm Director-General Fredrik Jurdell added: “The continued support from the EIB reaffirms the metro expansion’s importance for sustainable growth in the capital and surrounding areas. It addresses the future mobility needs of our citizens, as well as housing needs with the addition of new residential units.”

Sustainability is a central focus of the project, and the expansion has received high marks for its environmental efforts. The Ceequal certification system, which assesses the sustainability of civil engineering projects, awarded the highest possible rating of “Excellent” to several parties involved, highlighting the project’s commitment to sustainable development and environmental responsibility.

EIB

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

High-quality, up-to-date photos of our headquarters for media use are available here.

Media contacts:

Thomas Eriksson
t.eriksson@ext.eib.org

Press Office
press@eib.org
+352 43791

SOURCE: European Investment Bank