The EIB has signed a EUR 70 million loan with Kvarken Link Oy, a special purpose vehicle jointly owned by the municipalities of Umeå in Sweden and Vaasa in Finland, to acquire a new ferry to transport passengers and vehicles between their two ports. The new ice-class 800 passenger/car ferry (a 150 metre long so-called RoPax) will be built by Rauma Marine Constructions in Finland, with delivery scheduled for 2021, and will operate under the Finnish flag.
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