The city of Vilnius is seeking to borrow €50 million from the European Investment Bank (EIB) to finance new infrastructure projects and refinance existing debt.
Vilnius
© DELFI / Šarūnas Mažeika

The EIB said on its website that the city's request was "under appraisal”.

Alma Vaitkunskienė, the municipality's director of administration, said that the city wanted to borrow funds for new projects, as well as to refinance existing loans.

"Since the new programming period has started, we are looking to borrow funds in the future at the most favourable rates. A part of the EIB Funding would go toward our new Territorial Development Programme, as well as school and kindergarten renovation projects,” she said.

"There are also ongoing projects and existing loans with high interest rates. Therefore, we have asked the EIB if they could lend to us on better terms," she said.

Vilnius Street Lighting Electricity Network has also sent an inquiry to the EIB about borrowing but a decision on any loans for the municipal company will be made after the city takes a final decision on the upgrading of the street lighting network.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
0
Leave a comment
Commenting is allowed for registered users only!
By posting, you agree to terms
Read comments Read comments

Lithuanians love sushi – last year they bought twice as much as a year before that

As foreign cuisine grows more popular in Lithuania, some of those dishes are becoming an irreplaceable...

Tallinn and Helsinki are joining together. When Vilnius and Kaunas will follow?

The distance between Tallinn and Helsinki is the same as from Vilnius to Kaunas. Estonians and Finns...

Kaunas FEZ launches an innovative service: forklift sharing point

At the beginning of March, innovative forklift-sharing service will be launched in the territory of...

Internet entrepreneurs misleading the authorities

The State Tax Inspectorate (hereinafter referred to as the STI) hereby informs that the operational...

Threat to Lithuanian business: shortage of qualified workforce

More than one third of Lithuanian entrepreneurs are not only exposed to the shortage of qualified...