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Uppsala Tramway Costs 12.1 Billion Kronor, Municipality to Pay 7.5 Billion

Economy & businessEconomy
Uppsala Tramway Costs 12.1 Billion Kronor, Municipality to Pay 7.5 Billion
Key Points
  • Total tramway cost estimated at 12.1 billion kronor with municipality covering 7.5 billion
  • Stopping construction after election could cost municipality several billion kronor in compensation, utility relocations, and state funding repayment
  • 2.1 billion kronor spent so far, with 8.3 billion remaining and net cost of 5.9 billion after future grants

A new report from the municipality's finance department, with help from an auditing firm, shows the municipality may need to pay several billion kronor if it chooses to stop the tramway construction after the autumn election. These costs include compensation, utility relocations, and state funding that needs to be repaid. The Moderate Party wants to stop the construction.

Around 2.1 billion kronor has been spent by the turn of the year. After state funding, that corresponds to a net cost of about 1.3 billion kronor up to 2026, and after that, 8.3 billion kronor remains until the tramway is finished. When future state grants are included, the remaining net cost lands at about 5.9 billion kronor.

Deviations from the total budget are explained by lower costs in the project's early stages, such as interest.

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SVT UpplandUppsala Nya Tidning
2 publications · 1 official
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Uppsala Tramway Costs 12.1 Billion Kronor, Municipality to Pay 7.5 Billion | Reed News