$41.2 million is to be invested into port reconstruction
Published:
2 January 2002 y., Wednesday
Budget 2002 adopted by the Lithuanian Ministry of Communications provides for Klaipeda Port to earn $27 million and receive almost as much in credits from Lithuanian and foreign banks.
Kestutis Bartkevicius, director general of the port, informed that the overall earnings and credits may amount to $56 million. The port plans to obtain a $7 million credit against the state guarantees with the International bank of reconstruction and development for the port gate reconstruction program, and $9 million with European Investment Bank for the reconstruction of Berths 5,6.
The port management plans to cut the operational costs, the management salary and bonus funds, cleaning the port territory, and navigation equipment repair by $300 thousand. $41.2 million is to be invested into the port reconstruction. The overall sum of credits for this purpose to be obtained from both Lithuanian and foreign banks amounts to $12 million.
According to Vytautas Kaunas, port reconstruction project manager, tenders for port reconstruction works have already been announced.
Šaltinis:
SeaNews
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Wincor Nixdorf AG closed the first six months of fiscal year 2008/2009 with a 4 percent increase in net sales and a 2 percent increase in operating profit (EBITA).
more »
Raiffeisen Bank Polska SA, a subsidiary of Raiffeisen International, a leading financial corporation in Central and Eastern Europe, has deployed "VIP Mobile," a next-generation mobile banking solution.
more »
Commission calls for help with reforming EU fishing.
more »
IFC, a member of the World Bank Group, and SEB Bank today launched an innovative transaction that will support lending of around €50 million to help small and medium enterprises in Lithuania switch to renewable sources of energy.
more »
Is your money well spent at EU level? Every year, in April, the EP concludes its examination of EU spending for the financial year closed 16 months previously.
more »
The right to compensation for poor service, the right to change gas and electricity suppliers and comparable prices are just three aspects of the proposed “third energy package” being debated today by MEPs.
more »
As access to ATMs became free from April 1, many banks are expected to consider consolidating their teller operations instead of aggressively expanding ATM network.
more »
Crisis or no crisis, secure identity cards will still be needed to cross borders…
more »
A fund-raising initiative has been launched among 170,000 employees in all 22 countries where the Group operates
more »
This year AB Bank SNORAS also joined the promotional event "Praise excellent service!" which is held in March every year.
more »