NIB Provides Loan for Aquifer Project in Finland

Nordic Investment Bank (NIB) has provided a €50m loan to Turun Seudun Vesi Oy for an artificial recharge aquifer project in Turku, Finland.

Funds will be used to design and construct a new water supply system for the region, including replacement of current raw water sources and water treatment plants.

The new system is expected to serve a population of about 290,000 residents.

The work will also include the recharging of artificial groundwater by water infiltration to the Virttaankangas esker, which will require the use of fewer chemicals as the water will flow through the aquifer over several months.

According to NIB’s environmental analysis, the use of the aquifer will lead to changes in the groundwater quality of the area as artificial and natural groundwater mix over time.