Nordic Investment Bank Funds Sydvatten’s Swedish Water Pipeline

Nordic Investment Bank agreed to lend 67 million kronor ($11 million) to Sydvatten AB to build a water pipeline in southern Sweden.

The 20-kilometer (12-mile) pipeline will link the Angelholm and Bastad municipalities to Sydvatten’s drinking-water supply, the bank said today in a statement on its website. Resources in the municipalities, with a population of 50,000, won’t be sufficient to meet the expected increase in demand for drinking water in coming decades, according to the statement.

Sydvatten is owned by 16 municipalities in southern Sweden and produces drinking water for about 900,000 people.

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