Reykjavík City Investment Plan
Description of the action and objectives
Green Deal action
Between 2024-2028, most of Reykjavík City's investments will be green investments that reduce greenhouse gas emissions through eco-friendly buildings, promote energy transitions in transportation, and support green growth in line with Reykjavík City's Environment and Resource Policy.
Implementation period
Ongoing projects
Status: Completed
Status report on July 1, 2025
Work is carried out according to the annual investment plan, which builds on these priorities.
Older status reports
| Timeline | Progress description | |
| July 2024 | Work is progressing according to the 2024 investment plan. During the first six months of the year, Section A investments totaled about 9.2 billion ISK, and annual investments are expected to follow the plan. | |
| July 2023 | Action completed. The forecast anticipates an investment of around 25 billion kr. for the year. Reykjavík City's Investment Plan was updated alongside the creation of the 2023-2027 Financial Plan. | |
| January 2023 | The forecast anticipates an investment of around 25 billion kr. for the year. Reykjavík City's Investment Plan was updated alongside the creation of the 2023-2027 Financial Plan. | |
| July 2022 | The forecast anticipates an investment of around 25 billion kr. for the year. Reykjavík City's Investment Plan was updated alongside the creation of the 2023-2027 Financial Plan. |
Connection of action to Reykjavík City's policies:
Related actions
| Action name | Status | Completion | Updated | Departments |
|---|---|---|---|---|
| Action Plan for Reykjavík's finances | Ongoing | July 2025 | Department of Finance & Risk Management | |
| Reykjavík City Investment Plan | Ongoing | July 2025 | Department of Finance & Risk Management | |
| 10-year Infrastructure Plan | In progress | 2024 | July 2025 | Office of the Mayor & Chief Executive Officer Department of Service & Innovation |
| Gender budgeting | Ongoing | July 2025 | Human Rights and Democracy Office Department of Finance & Risk Management |
Economic objectives
- 1. Responsible financial management | Green Deal The City's Financial Policy is based on sustainability, stability, predictability, and transparency.
- 2. Dense and mixed development | Green Deal Denser, mixed housing with neighborhood sustainability at its core.
- 3. New employment opportunities of the future | Green Deal Future job opportunities are developed based on knowledge, innovation, and sustainability.
- 4. A favorable environment for business and innovation | Green Deal Good land use, diverse economy, and premises for all types of companies of all sizes.