Loan Debt Skyrockets in Boden – From 80 Million to 1.5 Billion

svt Nyheter

Lean Left

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In line with Stegra's establishment in Boden, the municipality has made massive investments in its infrastructure. This has led to a significant increase in loan debt. “The most serious thing is that there is no way out of this,” says the opposition's Tobias Sundberg, the Moderates' group leader in Boden.

nyadagbladet.se

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The municipality of Boden has incurred an enormous loan debt in just a few years – from 80 million kronor in 2017 to a whopping 1.5 billion in 2025. The dramatic increase is directly linked to investments in the so-called green transition, primarily the establishment of the steel company Stegra's new plant. Stegra, previously known as H2 Green Steel, states that it wants to fundamentally change the steel industry. By replacing coal with hydrogen…