Macquarie Asset Management, on behalf of its institutional clients and managed funds including Macquarie European Infrastructure Debt Fund, has provided EUR178 million (US$191.14 million) of debt financing to Norway’s largest ferry and high-speed passenger boat operator Fjord1, as part of the company’s NOK6.5 billion (US$716.95 million) refinancing agreement with lenders.

Fjord1 owns and operates more than 80 ferries and express boats in Norway, transporting 16 million passenger vehicles annually. More than 40 per cent of its fleet consisting of hybrid-electric vessels powered by battery technology.