Commissioned by the Government, the Debt Office issued a conditional loan, of SEK 1 billion to the private company A-Train AB in 1995.
The loan was part of the collaborative project between the Government and the private industry to finance, build and run Arlandabanan, which links Arlanda Airport to the national rail network.
Upon completion of the project, A-Train was granted a 40-year right of use for Arlandabanan in order to finance its investment. The loan is structured so that the total repayments to the Government as a whole from A-Train can be either higher or lower than the loan amount. Both the size and time of repayment are determined by A-Train's financial results and the size of the dividends received by the owners.
Another government operator involved in Arlandabanan is the government-owned company Arlandabanan Infrastructure AB. The company owns and manages Arlandabanan. We handle a liquidity and capital adequacy guarantee for Arlandabanan Infrastructure AB.
As part of the financing of the Öresund Link, the Debt Office has provided a loan to the government-owned company Svedab.
Upon completion of the Öresund Bridge in the late 1990s, land connections to the bridge needed to be erected on both the Swedish and Danish sides. In Sweden, the government-owned company Swedab was responsible for construction of the motorway and railway that connected the bridge to the Swedish road and rail networks. The equivalent work on the Danish side was carried out by the government-owned company A/S Øresund.
Svedab and A/S Øresund formed and are owners of the Öresundsbro Consortium, which has financed and built the Øresund Bridge. The holding companies are entitled to the dividends the consortium is expected to produce in the future.
In order to finance the land connections, Svedab received a loan from the Debt Office in accordance with a government decision. The loan runs until the Öresundsbro Consortium has provided sufficient dividends to its owners for Svedab to be able to repay its loan to us.
As of December 2014, the loan amounted to just over SEK 5 billion. According to the latest forecasts, Svedab will have repaid its loan around the year 2040.
Svedab is short for Svensk-Danska Broförbindelsen Svedab AB.