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EIB improving the highway of the seas between Sweden and Finland

Sector: Automotive • Location: Umeå, Vaasa, Sweden, Finland

Source: Highways Today

Project
Ongoing

The European Investment Bank has signed a €70 million loan with Kvarken Link Oy, a special purpose vehicle jointly owned by the municipalities of Umeå in Sweden and Vaasa in Finland, to acquire a new ferry to create a highway of the seas, transporting passengers and vehicles between their two ports. The new ice-class 800 passenger/car ferry will be built by Rauma Marine Constructions in Finland, w

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The project “EIB improving the highway of the seas between Sweden and Finland” is an infrastructure initiative in the Automotive sector, located in Umeå, Vaasa, Sweden, Finland. Taiyo aggregates data on it from Highways Today.

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ongoing

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Description

Description

The European Investment Bank has signed a €70 million loan with Kvarken Link Oy, a special purpose vehicle jointly owned by the municipalities of Umeå in Sweden and Vaasa in Finland, to acquire a new ferry to create a highway of the seas, transporting passengers and vehicles between their two ports. The new ice-class 800 passenger/car ferry will be built by Rauma Marine Constructions in Finland, with delivery scheduled for 2021, and will operate under the Finnish flag. The project also involves port upgrade works required for the reception of the new vessel at the ferry terminals in the cities of Vaasa and Umea.

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High

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100%

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