ON APRIL 4 København City Council announced a €600m funding boost for the Danish capital’s planned metro ring line.
The money will come from the recently-completed sale of the municipal power company København Energi to Dansk Olje & Naturgas, which raised €1·5bn.
Plans for the 14 km Ring line were unveiled in October 2004 by Danish Finance Minister Thor Pedersen. The line would run closer to the city centre than the existing orbital S-bane ring, serving 16 stations. It would connect with the existing metro at Forum and Kongens Nytorv, and with DSB’s cross-city S-bane tunnel at København H and Østerport. There would also be an S-bane interchange at Norrebro.
Total cost of the project is put at €1·8bn, of which the government has agreed to contribute €1·1bn. Another €400m will be raised through the sale of 400000m2 of former harbour land at Nordhavnen for development. The neighbouring municipality of Frederiksberg will also contribute.