The company
About Betri samgöngur
The Transport Agreement was signed by the state and the capital-area municipalities in 2019. Betri samgöngur is tasked with delivering it over 13 years through ISK 120 billion of investment across all modes of travel.
Shareholders
- The Icelandic State Treasury
- City of Reykjavík
- Kópavogur
- Hafnarfjörður
- Garðabær
- Mosfellsbær
- Seltjarnarnes
The state and municipalities contribute ISK 3 billion a year, and the company funds the remainder — partly through developing Keldnaland, contributed by the state, and partly through congestion and priority charges, should they be introduced.
On 29 June, Act No. 81/2020 authorising a public limited company for capital-area transport infrastructure was passed. Betri samgöngur ohf. was founded on 2 October that year.
The agreement was updated in 2023 in response to increased scope and general cost inflation. Its term was extended to 2040 to allow a realistic timeframe for preparation and funding.
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