The European Investment Bank (EIB) is providing an additional EUR 400 million in financing to support the significant expansion of Stockholm’s metro system—one of the largest urban transport infrastructure projects currently underway in Europe.
The funding will be split between the Region of Stockholm and the City of Stockholm, with SEK 2.5 billion allocated to the region and SEK 2 billion to the city. This new tranche brings the EIB’s total contribution to the metro expansion to more than SEK 12 billion (over EUR 1 billion).
A Strategic Investment in Sustainable Urban Mobility
The expansion project involves the construction of three new 30-kilometre sections, of which 20 kilometres will be double-track tunnels, as well as 18 new metro stations and an expanded depot. It will impact four municipalities—Stockholm, Nacka, Solna, and Järfälla—and is expected to support the development of 130,500 new homes along the new lines.
“This investment boosts both sustainable mobility and regional development,” said EIB Vice-President Thomas Östros. “By providing an additional loan, we are demonstrating our long-term commitment to climate-smart investments in Europe’s growing cities.”
Stockholm Metro expansion: Climate and development goals
The metro project is central to the Region of Stockholm’s efforts to accommodate a growing population while addressing climate targets. Currently, around 730,000 people use public transport daily across the county.
“The EIB’s support is essential for investment in the metro expansion project,” said Region of Stockholm Director-General Emma Lennartson. “Continuing to invest in public transport is an effective way of reducing greenhouse gas emissions in the region.”
Lennartson added that the project aligns with the region’s goal to reduce greenhouse gas emissions by 12% annually in line with the Paris Agreement and Sweden’s target of carbon neutrality by 2045.
City of Stockholm Director-General Fredrik Jurdell said the continued support from the EIB “reaffirms the importance of the metro expansion project for sustainable growth in the capital and the surrounding areas.”
The project has been independently audited by Ceequal, a leading certification system for civil engineering works. Several components of the development received the top “Excellent” rating, underlining its high sustainability ambitions and its efforts to exceed legal and industry requirements.
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