LSR among those financing the construction of the Ölfusá Bridge
23. October 2025
LSR is one of four parties that have signed an agreement with ÞG Verk to provide project financing for the construction of the new Ölfusá Bridge. The other participants in the project are Íslandsbanki, Birta Pension Fund, and the Pension Fund of Commerce.
The total estimated cost of the project is ISK 17.9 billion, and completion is expected in the autumn of 2028. The involvement of the three pension funds in the financing is through a cooperative platform of pension funds connected to Innviðafélag Íslands (Infrastructure Fund of Iceland).
By participating in the financing of the Ölfusá Bridge, LSR contributes to an important project that will increase the capacity of the Ring Road, improve traffic safety, and reduce congestion. LSR is pleased to take part in such a project, which not only aligns with the fund’s investment strategy but also carries significant social value.
In preparation for this project, LSR took part in establishing Innviðafélag Íslands, which specializes in infrastructure financing. Going forward, LSR will continue to seek new opportunities to participate in infrastructure projects that benefit both fund members and society as a whole.
The image above is from the website of the Icelandic Road Administration (Vegagerðin) and shows the planned appearance of the new Ölfusá Bridge.