KfW IPEX-Bank finances the development of Stockholm Arlanda Airport

Frankfurt am Main (ots) - 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. "Stockholm Arlanda
Airport is already a mainstay of the Swedish economy. Through our
financing, we are pleased to be playing a role in preserving and
shaping local jobs by maintaining the competitiveness of Stockholm
Arlanda Airport, while at the same time helping it to pursue its
climate goals," said Andreas Ufer, Member of the Management Board of
KfW IPEX-Bank responsible for the infrastructure sector.

Having also financed modernisation measures at Helsinki Airport,
this is now the second airport financing in a short space of time for
KfW IPEX-Bank - a decision that both cements and highlights its
position as an infrastructure financier for northern Europe.

About Swedavia:

Swedavia is a State-owned group that owns, operates and develops
ten airports across Sweden. Our role is to create the access Sweden
needs to facilitate travel, business and meetings - in Sweden, in
Europe and around the world. Safe, satisfied passengers are the
foundation of our business. Swedavia is a world leader in developing
airports with the least possible environmental impact. The Group has
revenue of over 5.7 billion Swedish kronor and some 3,100 employees.

About KfW IPEX-Bank GmbH:

Within KfW Group, KfW IPEX-Bank is responsible for international
project and export finance. It offers medium and long-term financing
to support key export industries, to develop economic and social
infrastructure, to fund environmental and climate protection projects
and to secure the supply of raw materials. KfW IPEX-Bank operates as
a legally independent group subsidiary and is represented in the most
important economic and financial centres across the globe.

Contact:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: axel.breitbach@kfw.de
Tel. 069 7431-2961, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de

Original-Content von: KfW IPEX-Bank, übermittelt durch news aktuell