Reykjavík to Spend ISK 4 Billion on Bicycling Skip to content

Reykjavík to Spend ISK 4 Billion on Bicycling

The City of Reykjavík is planning to contribute ISK 4 billion (USD 34 million, EUR 25 million) to improve the conditions for bicycling in the capital in the coming years, provided a loan for that purpose is obtained from Elena, a European Investment Bank fund for eco-friendly projects.


Cycling in Reykjavík. Photo by Páll Stefánsson.

“We are preparing an application to the Elena fund to support the bicycling plan,” Dagur B. Eggertsson, chair of the Social Democrats in the Reykjavík City Council coalition, confirmed to Morgunbladid.

“We are also applying to have the bus fleet run on methane and to build a gas-making station at Sorpa [recycling station],” he added.

“We don’t have the loan yet but we intend to make Reykjavík more bicycle-friendly and if we get the loan it can happen more quickly—a ten-year plan could be carried out in three years,” Eggertsson concluded.

A contest on the design of two walk and bicycle bridges across the Ellidaár river is also in the pipelines.


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