The Copenhagen Metro: The City Circle Line
The new City Circle Line in Copenhagen makes it easier and faster for travellers to get around Copenhagen. Sund & Bælt Partner was responsible for the project’s financial management.
In the mid-1990s, the Danish authorities decided to construct a metro in Copenhagen to accommodate a city in growth and to kickstart the development of the new Ørestaden district.
The Copenhagen Metro is constantly expanding. Connecting the existing metro with more Copenhagen neighbourhoods, the new City Circle Line means that it will be even faster and easier to get around Copenhagen.
Largescale project
The construction of the new City Circle Line was a sizeable undertaking. Indeed, Metroselskabet maintains that it is the largest construction project in Copenhagen for 400 years.
The 15.1 km City Circle Line and its underground stations will connect the existing metro with more Copenhagen neighbourhoods – including Indre By (Inner City), Østerbro, Nørrebro, Vesterbro and Frederiksberg. It will serve 17 stations and almost 300,000 passengers per day.
What did Sund & Bælt Partner bring to the project?
Every year a financial strategy is determined to ensure proper financial management that minimises long-term financial costs with due regard for financial risk.
Sund & Bælt Partner was responsible for financial management within the framework of the determined strategy.
Project information
Location:
Copenhagen, Denmark
Project period:
2001
Customer:
Metroselskabet I/S is joingly owned by City of Copenhagen, the Danish State and Frederiksberg Municipality.
Partner’s services for the City Circle Line:
- Drafting the financial strategy
- Borrowing
- Derivative trading
- Portfolio management
- Debt and derivative portfolio management
- Collateral
- Income and expenditure statements
