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Planned Investments in the Stockholm Region 2019-2040 PHOTO:FREIIJ/IMAGEBANK.SWEDEN.SE TOVE

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Planned Investments in the Stockholm Region 2019-2040 PHOTO:FREIIJ/IMAGEBANK.SWEDEN.SE TOVE Planned Investments in the Stockholm region 2019-2040 PHOTO: TOVE TOVE FREIIJ/IMAGEBANK.SWEDEN.SE PHOTO: 2 3 Introduction About the report Excecutive summary Investments are financial resources that increase This report of planned construction projects within the real capital in society. The growth of real capital the Stockholm region shows a total investment is an important factor behind the rapidly rising volume of 111 billion € until the year 2040. This is a material standard in industrial countries over the steady increase since 2017, when the investments past few centuries. To a large extent, today’s welfare were worth 95 billion €. The largest investment sha- is a consequence of yesterday’s investment. There- re is in housing, with an investment volume of 60,7 fore, investments made today are the prerequisite billion €, followed by infrastructure investments in for the growth and productivity of tomorrow. This railway, subway and lightrail, with an investment report aims to provide an overview of the most im- volume of 9,6 billion €. While construction projects portant future investments within the Stockholm are being planned throughout the whole region, region. there is a concentration of projects in central Stock- holm. This report, commissioned by Invest Stockholm and written by Tyréns AB, summarises the most interes- The expected volume of construction ting/largest construction projects in the Stockholm over the coming years largely ex­­­­- region. The report is updated every two years. ceeds what can be accomplished with the existing regional working force. The Stockholm county alone Content will be in need of approximately 46 000 construction workers 4 Stockholm Business Alliance in mostly manual labour trades. The large volume of investment 5 Project: Stockholm South Business District in construction projects and the shortage of labour force provide 6 A growing region great opportunity for international investors and construction comp- 8 Project: the Stockholm bypass anies to enter the regional market. 9 Housing and infrastructure at the top of the agenda 10 Project: Barkarbystaden 11 A comparison between municipalities 14 Project: Subway extension 15 Construction workers needed! 16 Project: Ulleråker 4 5 Stockholm Business Project: Alliance Stockholm South Business District Stockholm Business Alliance (SBA) is a partnership between 55 municipalities in eight counties which focuses on attracting foreign investment to the region. Its common vision is to maintain the position as Europe’s leading sustainable growth region. Stockholm Business Alliance is run by Invest Stockholm. The municipalities within SBA will be referred to as the Investment volume: 2,8 billion € Stockholm region in this report. Location: Flemingsberg, Huddinge Phase: Planning phase Stakeholders: Huddinge municipality The vision of Stockholm South Business District The Stockholm South Business District will combine is to develop the regional center of Flemingsberg high rise buildings with an urban environment into an international business and research hub. offering plenty of green areas, retail space and The planning phase has been initiated, aiming services. to provide a new future for southern Stockholm. The area, covering 75 hectares, will become a new Sigtuna meeting place for 50 000 workers, 50 000 residents Vallentuna and 50 000 visitors. At the end of 2019, the detailed Upplands- planning work for the various construction phases Bro Upplands- Sandviken Väsby Österåker will be initiated. Gävle Täby Sollentuna Järfälla Danderyd Vaxholm Tierp Sundbyberg Lidingö Ekerö Solna Värmdö Östhammar Stockholm Ludvika Nacka Heby Smedjebacken Salem Tyresö Huddinge Sala Uppsala Botkyrka Norrtälje Haninge Knivsta Västerås Enköping Håbo Hallstahammar Köping Kungsör Örebro Arboga Karlskoga Eskilstuna Strängnäs Nykvarn Gnesta Flen Södertälje Katrineholm Nynäshamn Trosa Nyköping Oxelösund Norrköping VISION PHOTOS: FABEGE Linköping 6 7 A growing region 114 111 billion € 104 95 billion € 94 It’s been said that one can measure the growth of a region by counting 83 billion € the number of construction cranes seen across the sky line. Well, in 85 Stockholm there are many. 75 Stockholm is not only the largest metropolitan area planned construction investments in the Stockholm in Sweden, it’s also the fastest growing. With a rapid region is worth 111 billion €. Last time the study 66 growth of people and businesses the need for new was conducted, in 2017, the sum was 95 billion €, infrastructure, housing and workplaces is large. and in 2015 it was 83 billion €. The region is not just 57 How large? A new study shows that the sum of the growing, it’s growing faster than ever before. 47 37 28 19 10 2015 2017 2019 The sum of planned investments in the Stockholm region is estimated to 111 billion €. That exceeds the figure from 2017 by more than 10 billion and strenghtens the upward trend of planned construction projects. 8 9 Project: the Housing and infrastructure at the Stockholm bypass top of the agenda With an increasing population, an increased rate of in residential buildings, with the planned projects residential construction has been high up on the including more than 400 000 housing units! Slightly agenda. So high, that the government of Sweden has more than a fifth of the planned investments are in made a deal with local authorities to invest heavily transportation, logistics and infrastructure, such as Project type: Highway infrastructure in regional infrastructure in exchange for large scale the extension of the subway system, extension and Investment volume: 2,8 billion € planning of new residential areas at local level. capacity increase of the railway system and several Location: Stockholm county large highway projects. The last quarter is made The results of this deal are visible in the quantity and up of investments in industrial complexes, office Phase: Under construction size of the region’s investments in urban development buildings and workplaces as well as public services, Stakeholders: Trafikverket projects. More than half of total investments are public space and commercial buildings, to service the growing population. The Stockholm bypass – Förbifart Stockholm – is In order to spare naturally and culturally important a new route for the European highway (E4) that areas, the bypass will run through a tunnel for large currently passes through the Swedish capital. stretches of the total distance. Bypass Stockholm Stockholm bypass will connect the southern and is estimated to cost approximately 2,8 billion €, The more housing units you construct, northern parts of the Stockholm County below lake of which 80 percent is financed by the Stockholm Residental Mälaren. The new road will be 21 kilometres long, of congestion tax and 20 percent by the Swedish state. the more metro you get” buildings “ which 18 kilometres will be underground. 60,7 billion € HG Wessberg, of the Stockholm negotiation The bypass aims to relieve the highly trafficked Essingeleden and the inner city, and to reduce the vulnerability of Stockholm’s transport system. The bypass will stretch from Kungens kurva in the south Häggvik to Häggvik in the north with six new intersections. The travel time for the entire route is estimated to be 15 minutes. The construction period is Akalla approximately ten years and the road will open for Hjulsta traffic in 2026. Vinsta Railway, tramway Streets, roads and metro Office and higways Education 9,6 billion € buildings 8,5 billion € facilities Energy and waste Lovö 7,3 billion € 4,5 billion € facilities 3,1 billion € Kungens kurva VISION PHOTO: “KULISS” BY EBBA BOHLIN, LOVÖS NORTHBOUND TRAFFIC POINT 10 11 Project: A comparison between Barkarbystaden municipalities Construction projects are planned throughout the whole Stockholm region. While the largest chunk unsurprisingly is in the regional center, Stockholm city, large parts of the infrastructure span from Stockholm to the outskirts of the region and large development projects are planned in all of the larger cities. Project type: City district development Investment volume: 2,7 billion € Location: Järfälla Stockholm - 31 billion € Phase: Under construction, third phase Stockholm attracts almost a third of the region’s total investment. There Stakeholders: Järfälla municipality 29% are both large residential projects as well as infrastructure projects planned in Stockholm. Both the Subway Extension (page 14) and the Stockholm Bypass (page 8) are located in Stockholm. The detailed development plan for the third phase In 2019, construction will start for three of developing Barkarbystaden has gained legal neighbourhoods in the area. Byggvesta, Botrygg, Uppsala - 5,7 billion € force. It is said to be Sweden’s largest detailed K2A and Credentia will build tenant-owned Uppsala, the fourth largest city of Sweden, has the second largest development plan, and comprises 30 blocks apartments, rental apartments and student housing, 5% planned investment volume in the region. This is to a great extent the with 4 400 housing units in multifamily housing a preschool and recreational activities with a result of large development projects, such as Ulleråker on page 16. and townhouses, a primary school, preschools, focus on leisure, restaurants and grocery stores, retirement homes, services, retail, public squares art workshops and small-scale workplaces with and parks and a sports field. The area is adjacent to a predicted moving in the date in 2021. In a regional Huddinge - 5,3 billion € planned metro
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