$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
In Brussels, Prime Minister Gediminas Kirkilas participated in the meeting of Nordic and Baltic (NB6) Prime Ministers which focused on the pressing topics on the agenda of the European Council: global finance crisis, energy, climate change, EU-Russia relations, and financial situation in Iceland.
more »
Prime Minister Gediminas Kirkilas attended the working dinner with President of the European Commission José Manuel Barroso, Danish, Estonian, Finnish, Latvian, Polish Prime Ministers – Anders Fogh Rasmussen, Andrus Ansip, Matti Vanhanen, Ivars Godmanis, Donald Tusk – and Swedish Minister of Foreign Affairs Carl Bildt.
more »
The European Commission has put forward a revision of EU rules on deposit guarantee schemes that puts into action the commitments made by EU Finance Ministers on 7 October.
more »
The United States began releasing long-awaited details of its $700 billion rescue plan.
more »
Australia's Prime Minister announces plans for the government to guarantee bank deposits for the next three years.
more »
Ethical bank, Triodos, says it is offering customers an alternative way to invest their funds.
more »
Energy security was the dominant theme during the meeting between Lithuanian Prime Minister Gediminas Kirkilas and Latvian Prime Minister Ivars Godmanis.
more »
The draft law would require utilities to separate – or unbundle – the distribution of electricity and gas from production.
more »
A holistic approach to eradicating poverty, which seeks to ensure adequate incomes, quality jobs and better access to social services, is advocated by the EP in an own-initiative report.
more »
Dubai showcases multi-billion dollar development projects at the annual Cityscape exhibition.
more »